Monday April 24 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.cbr.ru/eng/press/?PrtId=event&id=1030&PrintVersion=Y
The Bank of Russia and the Financial Services Board (FSB) of South Africa have signed a Memorandum of Understanding (MoU). The MoU covers cooperation and information sharing on both securities and insurance markets.
The Key areas of cooperation between the Bank of Russia and the FSB of South Africa under this MoU are as follows: countering unlawful use of insider information, market manipulation and financial pyramids; oversight and control over compliance with the current legislation, as well as providing for transparency of activities of securities and insurance market participants.
It should also be noted that since February 16th, 2015, the Bank of Russia and the FSB of South Africa are also cooperating under the Multilateral Memorandum of Understanding of International Organisation of Securities Commissions (IOSCO MMoU). The new MoU significantly expands the scope of cooperation between the two financial market regulators.
Click on the link above for further details.