Governing bodies

The Chairman of the Management Committee is the head of the FSMA. He represents the FSMA before third parties and before the law.

The Management Committee is responsible for the administration and management of the FSMA and determines its policy orientations. All decisions and measures necessary to carry out the FSMA’s supervisory mandate are taken in this body. All decisions of the Management Committee are collegial in nature.

Each member of the Management Committee is responsible for overseeing specific services, as indicated on the organization chart.

The Supervisory Board oversees the operations and financing of the FSMA. The Board also advises on priorities and on the implementation of the FSMA’s supervisory policy.

The Audit Committee examines the FSMA’s accounts and its budget and oversees the work of the internal auditor. Four members of the Supervisory Board make up the Audit Committee.

The Sanctions Committee is an independent body that determines the imposition of administrative sanctions. It consists of twelve members: six magistrates and six others who may not be members of the FSMA’s staff or of its Management Committee.