French Monetary and Financial Code
In forceIn accordance with the conditions laid down by decree in the Conseil d'Etat, the Autorité des marchés financiers may :
1° Delegate to market undertakings and, where applicable, to clearing houses the supervision of the activity and transactions carried out by members of a regulated market and by investment services providers that have transmitted orders to that market. This delegation is the subject of a memorandum of understanding. It may be withdrawn at any time;
2° To have recourse, for its controls and investigations, to external control bodies, to statutory auditors, to experts registered on a list of legal experts or to competent persons or authorities. Such persons may receive remuneration from the Autorité des marchés financiers for such services;
3° Delegate control of their members' activities to the associations referred to in Article L. 541-4 . Such delegation shall be the subject of a memorandum of understanding and may be withdrawn at any time.
The Board or the Secretary General of the AMF may ask the statutory auditors of companies whose financial securities are admitted to trading on a trading platform, or for which an application for admission to trading on such platforms has been submitted, or an expert registered on a list of court-appointed experts, to carry out any additional analysis or analysis of the persons or entities whose financial securities are admitted to trading on a trading platform, or for which an application for admission to trading on such platforms has been submitted, and of the persons mentioned in II of Article L. 621-9 for any additional analysis or verification they deem necessary. The costs and fees shall be borne by the Autorité des marchés financiers. The provisions of this paragraph also apply to statutory auditors carrying out assignments in connection with public offerings, with the exception of those mentioned in 1° or 2° of Article L. 411-2 or in Article L. 411-2-1.
