To the surprise of some, French financial markets regulator AMF (Autorité des Marchés Financiers) published a report on 30 March that compared the French corporate governance code, the AFEP/MEDEF code, with nine codes from other European countries: Belgium, Finland, Germany, Italy, Luxembourg, the Netherlands, Spain, and the United Kingdom. The AFEP/MEDEF code was set up by two French business associations—the Association Française des Entreprises Privies and the Mouvement des Entreprises de France.