The FSA of Japan obtained on February 5 the approval of the IOSCO to become a signatory of the Multilateral Memorandum of Understanding concerning Consultation and Cooperation and the Exchange of Information which is an information-sharing mechanism among securities regulators around the world. Accordingly, the FSA is to become a signatory of MMOU shortly, after the necessary procedures have been completed.
"Strengthening cooperation with overseas authorities" and "broaden bilateral and multilateral networks for information exchange with overseas supervisory authorities" are contained in the "Plan for Strengthening the Competitiveness of Japan's Financial and Capital Markets" released on December 21, 2007.
By becoming the MMOU signatory, the FSA will be able to exchange information as necessary with securities regulators around the globe for market supervision and enforcement. The FSA will strike to ensure fairness in the cross-border securities markets through international cooperation under the MMOU.
Press release
Outline of the Plan for Strengthening the Competitiveness of Japan's Financial and Capital Markets
Plan for Strengthening the Competitiveness of Japan's Financial and Capital Markets
© Graham Bishop
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article