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The AMF (Autorité des marchés financiers) is Quebec’s financial sector regulator, overseeing courtiers hypothécaires (mortgage brokers) under the province’s Act respecting the distribution of financial products and services.
The AMF licenses and supervises courtiers hypothécaires in Quebec, setting the education, examination, and conduct standards they must meet. Licensing exams and continuing education for courtiers hypothécaires are administered through the Chambre de la sécurité financière, under AMF oversight.
Unlike Ontario’s FSRA or BC’s BCFSA, the AMF’s mandate spans nearly all of Quebec’s financial sector — insurance, securities, deposit institutions, and mortgage brokering all fall under one regulator. Its role, like the other provincial regulators, is licensing and conduct; OSFI separately governs how federally regulated lenders underwrite the mortgages Quebec brokers arrange.
Quebec’s title: the province licenses courtiers hypothécaires — the French-language term used in place of “mortgage broker” or “mortgage agent.”
Broadest mandate of the four: the AMF also regulates insurance, securities, and deposit institutions in Quebec, beyond mortgage brokering alone.
Exams via the Chambre: licensing education and exams for courtiers hypothécaires run through the Chambre de la sécurité financière, under AMF supervision.
Federal rules still apply: OSFI’s Guideline B-20 governs underwriting at federally regulated lenders regardless of which province the broker is licensed in.
Definitions reflect Canadian federal and provincial rules as of the “Updated” date above. Not advice for any specific file.
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