The Autorité des marchés Financiers (AMF) just announced the new composition of the Financial Skills Certification Board. The mechanism for verifying the level of knowledge of employees of investment services providers relies on the services of the AMF and the Financial Skills Certification Board.
The Certification Board is now under the chairmanship of Bernard Coupez.
Summary of the Certification Board’s tasks
The procedure for verifying the level of knowledge of participants in the financial markets has been in force since 1 July 2010. Relying on the services of the Autorité des Marchés Financiers, the procedure has been placed under the authority of the Financial Skills Certification Board. The Financial Skills Certification Board’s tasks are as follows:
- to provide opinions, upon the request of the AMF, on certification of professional knowledge;
- to determine the content of the minimum level of knowledge required and ensure that it is kept up to date;
- to determine and verify examination arrangements;
- to deliver, following analysis of their dossier, certification of examinations by training organisations that request it.
The professionals concerned by this procedure hold key positions at investment services providers (in trading, sales, investment research, fund management, clearing and post-trade services, and compliance monitoring).
From 1 July 2010 to 31 December 2016, a total of 48,000 people have successfully passed their AMF certified exams at one of the 12 training organizations approved by the AMF.
New composition of the Certification Board under the chairmanship of Bernard Coupez
In accordance with the AMF General Regulation, the Financial Skills Certification Board is composed of at least seven members, including four appointed by the AMF and two independent persons. This composition respects a balance between banking professions, asset management and training, as well as between men and women.
Chairman:
Mr Bernard Coupez, a member of the Board of the Autorité des Marchés Financiers, who succeeds Mr. Jean-Luc Enguehard and Mr. Jean-Pierre Pinatton
Members:
- Mr. Christophe Couturier, CEO of Ecofi Investissements (Crédit Coopératif group)
- Mme Jézabel Couppey-Soubeyran, research professor at the Sorbonne Economics Centre and lecturer at the University Paris I
- Mme Elisabeth Decaudin, General Delegate of the Chambre Nationale des Conseils Experts Financiers (National Chamber of Independent Financial Advisers)
- Mrs. Christine Fabresse, President of the Board of the Languedoc-Roussillon Caisse d’Épargne
- Mrs. Catherine Fauquet, Policy Officer at the University of Nantes and lecturer for the BTS Banque (vocational training certificate in banking)
- Mr. Xavier de La Maisonneuve, Compliance Director at the Société Générale group
- Mrs. Annaick Plessis, Deputy Director-General of Natixis Formation Epargne Financière