On September 6, 2016, the U.S. Commodity Futures Trading Commission announced that it “signed a Memorandum of Understanding (MOU) with the Comisión Nacional Bancaria y de Valores (CNBV) and the Banco de México (BDM) regarding cooperation and the exchange of information in the supervision and oversight of certain regulated entities that operate on a cross-border basis in the United States and in Mexico.” Press release.
On December 21, 2012, the CFTC approved an exemptive order which provides relief from certain cross-border applications of the swaps provisions of the Dodd-Frank Act and the related regulations. The exemptive order expires on July 12. CFTC Release.
On March 23, the SEC issued two memoranda of understanding (“MOUs”), agreed to with each of the Cayman Islands Monetary Authority (“CIMA”) and the European Securities Markets Authority (“ESMA”) as part of its long-term strategy to improve the oversight of regulated cross-border entities. The memoranda seek to foster better information sharing among the regulators about investment advisers, investment fund managers, broker-dealers and credit rating agencies. SEC Release. EMSA MOU. CIMA MOU.
