The Regulatory Division carries on the regulatory functions for the Montréal Exchange's markets. The Exchange is recognized as a self-regulatory organization by the Autorité des marchés financiers (AMF).
Pursuant to the Exchange’s Recognition Order and to the Rules regarding the Regulatory Division, the Exchange must ensure that the Regulatory Division is provided with sufficient resources and funds. Furthermore, no regulatory fees, fines or penalties collected by or on behalf of the Regulatory Division may be distributed or transferred to the Exchange for commercial purposes or for payment of dividends.
The Division funds its programs and activities, including surveillance, investigations and examinations, through distinct regulatory fees assessed directly on approved participants of the Exchange. Regulatory fees collected are for the exclusive use of regulatory operations.