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.
Members of the International Organization of Securities Commissions (IOSCO) have approved the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU), which offers securities regulators new enforcement powers for responding to the challenges arising from recent developments in global financial markets. Since its launch in 2002, the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (M MoU) has provided securities regulators around the world with key tools to fight cross-border financial fraud and misconduct that can weaken global markets and undermine investor confidence