CFTC Signs Memorandum of Understanding with Two Mexican Authorities to Enhance Supervision of Cross-Border Regulated Entities


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.

SEC Oversight Cooperation Arrangements with Foreign Regulators

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.