The Australian Securities and Investments Commission (ASIC) and FINRA
entered into a Memorandum
of Understanding (MOU) today to promote and support greater
cooperation between the two regulators. The MOU establishes a framework
for mutual assistance and the exchange of information between ASIC and
FINRA, to help ensure that high standards of market integrity and
consumer protection are maintained in both jurisdictions. Among other
things, the agreement will help the regulators to investigate possible
instances of cross-border market abuse in a timely manner, exchange
information on firms under common supervision of both regulators, and
allow more robust collaboration on approaches to risk-based supervision
of firms
Source
Source
Comments