Created in 2007, the Commission de Contrôle des Activités Financières (Financial Activities Supervisory Commission) is the independent administrative authority responsible for supervising the conduct of financial activities in the Principality.
Its remit covers individual portfolio management and fund management, advisory services, the reception and transmission of market orders, and custody-account keeping services.
On a day-to-day basis, it ensures that regulations are properly enforced, in the interests of transparency and to protect the interests of investors, while maintaining dialogue with financial services professionals.
The CCAF is independent and takes decisions alone and in full collegiality.
Ruling under the authority of its President, it has the powers needed for effective and pragmatic supervision.