Quebec’s investor education fund commenced operations today. Jean St-Gelais, Autorité des marchés financiers president and CEO, declared the Fund for Investor Education and the Promotion of Good Governance open for business.

The AMF also released guidelines that detail the project selection criteria and the conditions for submitting projects to the $14.6 million fund.

The fund will provide financial support in four areas: investor protection; promotion of good governance; investor education; and, improving knowledge about the financial sector.

“What we’re proposing is based on existing models that have proved to be successful in terms of transparency and accountability. However, we’ve also tried to provide the flexibility necessary to encourage innovation and support the goals of the fund,” said St-Gelais.

St-Gelais also noted that the activities supported by the fund will further the development, vitality and expansion of Québec’s financial sector.