Marie-Anne Barbat-Layani highlighted the four major commitments that will guide the AMF's action in 2026, within the framework set by the AMF's strategic guidelines «Impact 2027».

Promoting the development of European capital markets and the attractiveness of the Paris financial centre

• The AMF will contribute to work on the various aspects of the European Commission's strategy for the Savings and Investment Union. In particular, it will make proposals to strengthen ESMA's role in the European supervisory architecture.
• At the national level, the AMF will work to ensure the competitiveness of the Paris financial centre. It will conduct an in-depth review of its policy on issuers to incorporate the simplifications resulting from the Listing Act. It will work on adapting the range of French investment funds and the operating framework for management companies.
• In the area of sustainable finance, the AMF will also focus on simplification to make it easier to apply the rules. As part of the review of the Regulation on Sustainability Reporting in the Financial Sectors (SFDR), it will argue for a more effective framework that incorporates the transition objective. It will continue to support listed companies in implementing the revised Sustainability Reporting Directive (SRD).

Providing a framework for innovative finance in the age of artificial intelligence

• The AMF will accompany the transition to the European MiCA regime for crypto-asset markets, with the end of the transitional period on 30 June 2026.
• At European level, it will play an active role in the convergence of supervisory practices. It will continue to advocate the transfer to ESMA of the power to supervise large pan-European platforms.
• The AMF will support the deployment of tokenisation of financial instruments on blockchain. It will launch a consultation with asset management firms to assess projects in this sector. It will also contribute to discussions with the Banque de France and the French Treasury on the subject.
• The AMF puts artificial intelligence at the heart of its 2026 strategy. The AMF will finalise its roadmap on artificial intelligence. It will shortly publish a study of the use cases of artificial intelligence in the financial sector and the associated governance arrangements, which will form the basis of its supervision strategy.

Creating the conditions for an increasingly safe and resilient marketplace

• The AMF will participate in international work on non-bank finance. At domestic level, it will complete the cross-sector stress test begun in summer 2025 with the Banque de France and the Autorité de contrôle prudentiel et de résolution (ACPR).
• In the area of cybersecurity, the AMF will support implementation of the European DORA regulation on digital operational resilience in the financial sector. It will conduct inspections to ensure the quality of the cybersecurity systems of regulated entities. It will also begin to anticipate the impact of quantum computing.
• With investor protection as its top strategic priority, the AMF will adapt its actions to the changing landscape of savings. It will draw up an enhanced action plan to combat illegal online content. In this regard, the AMF will welcomes the work being done by the Government to improve the effectiveness of public authority action in this area. 

Accelerate the AMF's transformation to fulfil its role as a pillar of trust

• As part of an ongoing effort to improve the quality and efficiency of its relations with investors and market participants, the AMF will draw on the «Public Service +» programme of the Interministerial Department for Public Transformation. It will make its decisions and policy positions more accessible to make its work more predictable and easier to understand.
• Finally, the AMF needs new legal tools to better combat financial fraud and enhance financial security. A bill was tabled in the French National Assembly on 16 September 2025, and the regulator hopes that its proposals will be adopted soon.