Following consultations which took place in 2004 and 2006, the Autorité des marchés financiers (AMF) has decided that a motor vehicle replacement guarantee is an insurance product subject to AMF oversight and must be issued by insurers.  The regulatory framework administered by the AMF gives consumers better protection against the risks of insolvency. The AMF notes that consumers will be able to contact the AMF to ask for information about motor vehicle replacement guarantees, file a complaint and benefit from mediation services. There will also be standardized contracts and better identification of  the roles and responsibilities of each party involved. Stakeholders have 12 months to be in compliance with the Act respecting the distribution of financial products and services.   The AMF is still considering options for distribution, ie whether or not such products can be offered using a distribution guide process.