Monday May 14 2018
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Hong Kong
Link: //www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=18PR47
On 11th May 2018, the Securities and Futures Commission signed an Enhanced Multilateral Memorandum of Understanding (EMMoU) with the International Organization of Securities Commissions (IOSCO) .
The EMMoU will facilitate Consultation and Cooperation and the Exchange of Information of the International Organisation of Securities Commissions for cross-border enforcement cooperation.
The EMMoU, approved by IOSCO in March 2017, is built upon the current Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information to which the SFC has been a signatory since March 2003.
The EMMoU provides IOSCO members who are signatories with additional tools to meet the challenges of combating financial misconduct in an increasingly complex, inter-connected and technology-driven global financial market.
Under the EMMoU’s framework for mutual assistance and exchange of information, securities regulators can obtain and share audit working papers, telephone as well as internet records, compel attendance at interviews and provide guidance on freezing of assets.
For additional information please click the link above.