HONG KONG: SFC and FINRA Sign MoU to Enhance Supervision of Cross-Border Entities

Tuesday May 24 2016

The Hong Kong Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the Financial Industry Regulatory Authority of the United States (FINRA) concerning mutual assistance in the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and in the United States.

Through the MoU, which covers financial market participants or other entities that are regulated by the SFC or FINRA, the SFC and the FINRA express their willingness to cooperate with each other in the interest of fulfilling their respective regulatory mandates.

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