Regulatory Alerts2017-06-20
IOSCO Approves the Enhanced Standard for Cross-Border Enforcement Cooperation
The International Organization of Securities Commissions has approved the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information to provide securities regulators with new enforcement powers. This updated framework addresses challenges arising from recent developments in global financial markets by strengthening the tools available to combat cross-border financial fraud and misconduct. The Enhanced Memorandum builds upon the original 2002 Multilateral Memorandum to better protect global markets and maintain investor confidence.
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