President and CEO, Autorité des marchés financiers
Member of the Governance and Ethics Committee, IGOPP
Me Louis Morisset assumed the position of President and CEO of the Autorité des marchés financiers (“AMF”) on July 2, 2013. Since joining the AMF in May 2006, Me Morisset has served as Superintendent, Securities Markets, a function he continues to hold on an interim basis. In this position, he is in charge of enforcing the laws and numerous regulations pertaining, in particular, to public offerings by companies and mutual funds, the continuous disclosures that these entities are required to provide and their governance, take-over bids and issuer bids, the creation and marketing of derivatives, and market operations. He also supervises the Québec activities of exchanges and clearing houses, including those of the Montréal Exchange and the Canadian Derivatives Clearing Corporation (CDCC), as well as those of the Investment Industry Regulatory Organization of Canada (IIROC).
Over the years, Me Morisset also assumed other responsibilities, such as market structures and derivatives markets in 2009 and, in 2012, public affairs, communications and the development and implementation of financial education initiatives.
Me Morisset has played a key role in numerous major operational, public policy and regulatory issues at the Canadian Securities Administrators (CSA). He led discussions by the AMF on the role of boards of directors facing unsolicited take-over bids, which led to the publication of an important consultation in March 2013. In 2011 and 2012, he directed the work which resulted in the AMF’s approval of the acquisition of TMX Group, CDS and Alpha by the Maple Group.
On the international scene, Me Morisset represents the AMF on the board of the International Organization of Securities Commissions (IOSCO) and has been instrumental in IOSCO initiatives over the past several years. He co-chaired IOSCO’s special task force charged with examining the role of securities regulators in respect of systemic risk following the 2007-2008 financial crisis and was elected to serve two consecutive terms as chair of the Monitoring Group mandated to supervise the implementation and application of the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information.
Prior to joining the AMF, Me Morisset was a partner at the law firm Stikeman Elliott LLP, where he acquired extensive experience in Canada, the U.S. and Europe in securities law, corporate finance and mergers and acquisitions. Me Morisset is a member of the Board of Directors of the Institute for Governance of Private and Public Organizations, Finance Montréal, the financial services cluster of Québec, and the Montreal Institute of Structured Finance and Derivatives. He is also a member of the Accounting Standards Oversight Council (AcSOC).
Me Morisset graduated in law from the University of Montréal in 1995 and was called to the Bar of the Province of Québec in 1996.