AMAFI published a briefing paper (AMAFI / 17-34) on reforms to France's independent administrative authorities (AAIs) and independent public authorities (APIs) resulting from measures introduced by Act No. 2017-55 of 20 January 2017. In addition to briefly reviewing the overall status created by lawmakers in an effort to limit the proliferation of such authorities, the paper also looks at the main changes that the legislation will bring to the ACPR and AMF, which include strengthened powers for the AMF Chairman and rules prohibiting the simultaneous holding of certain positions.