INAF is empowered to carry out all actions necessary for the proper execution of its tasks which are described below.

• Supervision and control

INAF supervises and controls the entities integrated in the financial system in order to ensure compliance with the legislation applicable to these entities.

• Disciplinary and sanctioning power

INAF exercises disciplinary and sanctioning power over the entities integrated in the financial system.

Once proceedings have been begun, INAF may in the exercise of its disciplinary power take the precautionary measures which it considers appropriate in order to protect the financial system, the financial interests affected and the efficacy of the decision taken.

• Treasury services and services for the management of the public debt

INAF provides treasury services for the state and manages the finances of issues of public debt by the Principality of Andorra.

• Financial agent

INAF carries out those financial activities of general interest entrusted to it by the government and, in particular, the promotion of investments in geographical zones and economic sectors which require priority attention such as infrastructures, housing and agriculture.

• Consultancy and surveys

INAF submits to the government reports and opinions on financial legislation and proposes measures likely to improve the ordering and regulation of the financial system. At the same time it acts as consultant to the government and draws up financial surveys and statistics. It also proceeds to establish and publish a yearly memorandum explaining the tasks which it has carried out.

• International relations

INAF sets up relations and cooperation agreements within the sphere of its functions and competence with central banks and the financial supervisory authorities of other countries and with official national and international entities connected to financial matters.

In the exercise of its functions INAF:

• Applies and causes to be applied the rules and provisions in force by means of the proceedings and instrumental regulatory techniques required.

• Requests and receives, occasionally or systematically, from the entities integrated in the financial system all the information which it considers necessary and, where this is required, it demands that this be certified by external auditors.

• In compliance with its tasks carries out, directly or through external auditors, on site inspections of the entities integrated in the financial system.

• For administrative purposes receives from the departments and services of the administration information relating to eventual irregularities committed with regard to current legislation on the financial sector.