SEC and France’s AMF Sign MOU to Streamline Cross-Border Advisers

The U.S. securities regulator and France’s AMF have signed a new Memorandum of Understanding to facilitate information-sharing and streamline registrations for cross-border investment managers.

The U.S. Securities and Exchange Commission (SEC) and France’s Autorité des Marchés Financiers (AMF) have forged a new cooperative agreement aimed at smoothing the path for cross-border asset managers. Announced on October 20, 2026, the supervisory Memorandum of Understanding (MOU) establishes a formal framework for consultation and information-sharing between the two regulators regarding investment advisers, investment companies, and investment service providers operating in both jurisdictions.

Under the terms of the arrangement, the SEC will be able to process new and pending registration applications from AMF-supervised asset management companies looking to establish operations in the United States as investment advisers with greater regulatory clarity. The pact is designed to foster a balanced approach that supports international market expansion while maintaining robust oversight of firms operating across American and French borders.

Strengthening Cross-Border Regulatory Ties

Cross-border financial operations require intense coordination between distinct regulatory bodies to prevent regulatory arbitrage and ensure consumer protection. This new framework gives both the SEC and the AMF established channels to share supervisory insights and monitor compliance among dual-regulated entities. By formalizing these communication lines, both agencies can better track systemic risks and operational integrity as investment managers scale their footprints internationally.

SEC Chairman Paul S. Atkins emphasized that the arrangement demonstrates a shared dedication to keeping global markets flexible and innovative while safeguarding investors. Similarly, AMF Chair Marie-Anne Barbat-Layani noted that the MOU reinforces the commitment of both authorities to support capital market growth without compromising financial system resilience or investor safety.

What this means for investors

For investors interacting with global funds and international asset managers, enhanced regulatory cooperation is generally a positive institutional development. When watchdogs across major jurisdictions like the U.S. and France share information efficiently, it becomes harder for bad actors to hide shady practices or exploit regulatory blind spots between borders.

While this MOU primarily deals with institutional registration processes rather than individual retail products, a more streamlined administrative framework reduces friction for compliant global firms. Investors should view such international pacts as part of the behind-the-scenes plumbing that keeps cross-border asset management orderly and transparent, though standard due diligence on specific funds remains essential.

Frequently asked questions

What is the main goal of the SEC and AMF agreement? The MOU aims to facilitate information-sharing and consultation in supervising investment advisers and service providers operating in both the U.S. and France.

How does this affect French asset managers? The arrangement specifically facilitates the SEC’s registration and supervision process for AMF-supervised asset management companies wishing to conduct business as investment advisers in the United States.

This article is for information only and is not investment advice. Do your own research or consult a licensed adviser before investing.

Based on information published by U.S. Securities and Exchange Commission (SEC). Source: U.S. Securities and Exchange Commission (SEC). Spotted an error? corrections@moneypuran.com