Regulatory Alerts2023-05-10
MOU on Cooperation and Exchange of Information for Cross-Border Covered Organisations
ASIC, RBA, FMA, and RBNZ established this Memorandum of Understanding to formalize cooperation and information exchange regarding the supervision of cross-border covered organisations. The framework mandates consultation, notification of emergency situations, and structured information sharing to support regulatory and supervisory mandates in Australia and New Zealand. It outlines specific protocols for confidentiality, permissible use of non-public information, and procedures for executing requests for assistance between the signatory authorities.
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