The Netherlands Authority for the Financial Markets known as Autoriteit Financiële Markten or AFM is a financial services regulatory from Netherlands. The agency was formed in March 2002 and it’s jurisdiction is in Kingdom of the Netherlands. AFM is an autonomous administrative authority, but falls under the political responsibility of the Minister of Finance.
AFM is the responsible for regulating behavior on the financial market from Netherlands. As main responsibilities AFM needs to make the financial market more accessible promoting the smooth operation of the financial markets and promoting confidence in the financial markets. The public, the business sector and the government all depend on the financial products offered on the various markets for many of their activities. Confidence in the orderly and honest operation of these markets is therefore crucial.
AFM is a member of the Committee of European Securities Regulators (CESR), which is actively contributing to the harmonization of financial regulation in Europe. AFM works closely with the regulators in those other countries to regulate this cross border stock exchange.