Memoranda of Understanding

Cooperative Enforcement

The CFTC has entered into arrangements for cooperative enforcement with authorities in more than 20 jurisdictions. MOUs typically provide for access to non-public documents and information already in the possession of the authorities and often include undertakings to obtain documents and to take testimony of, or statements from, witnesses on behalf of a requesting authority. CFTC MOUs are public documents, and copies may be obtained from the Office of the Secretariat.

Argentina: Comision Nacional de Valores (CNV)
Memorandum of Understanding on Consultation, Technical Assistance, and Mutual Assistance for the Exchange of Information, May 30, 1995

Australia: Australian Securities Commission (ASC) (now Australian Securities and Investments Commission (ASIC))
Memorandum of Understanding concerning Consultation and Cooperation in the Administration and Enforcement of Futures Laws, October 19, 1994

Brazil: Comissão de Valores Mobiliários (CVM)
Memorandum of Understanding on Mutual Assistance and Exchange of Information, April 12, 1991

Canada: Ontario Securities Commission (OSC)
Memorandum of Understanding, July 7, 1992

Canada: Commission des valeurs mobilières du Québec (CVMQ) (now Autorité des marchés financiers (AMF))
Memorandum of Understanding, July 7, 1992

Dubai: Dubai Financial Services Authority (DFSA)
Protocol Concerning Mutual Assistance, Information Sharing and Cooperation Agreements, December 1, 2005

France: Commission des Opérations de Bourse (COB)
Administrative Agreement, June 6, 1990. The CFTC and the COB also signed a Mutual Recognition MOU (MRMOU) that provides for information sharing to facilitate monitoring and compliance matters related to the mutual recognition of intermediaries and products. 55 Fed. Reg. 23902 (June 13, 1990)

Germany: Bundesaufsichtsamt für den Wertpapierhandel (BAWe)
Memorandum of Understanding concerning Consultation and Cooperation in the Administration and Enforcement of Futures Laws, October 17, 1997

Hong Kong: Securities and Futures Commission (SFC)
Memorandum of Understanding concerning Consultation and Cooperation in the Administration and Enforcement of Futures Laws, October 5, 1995

IOSCO (International Organization of Securities Commissions)
IOSCO Multilateral Memorandum of Understanding (MMOU) Concerning Consultation and Cooperation and the Exchange of Information, May 2002. This MMOU is a multilateral mechanism for sharing information on a bilateral basis between signatories; a list of signatories can be found at http://www.iosco.org/.

Ireland: Irish Financial Services Regulatory Authority (IFSRA)
The CFTC-IFSRA Statement of Intent concerns consultation and cooperation in the administration and enforcement of futures laws, March 17, 2004. The Statement of Intent (SOI) provides a framework for information sharing, thereby facilitating cooperation in cross-border investigations of potential violations of commodity futures and options laws.

Isle of Man: Financial Supervision Commission (FSC)
Statement of Intent Concerning Mutual Assistance and Cooperation Arrangements, April 12, 2005

Italy: Commissione Nazionale per le Società e la Borsa (CONSOB)
Memorandum of Understanding on Consultation and Mutual Assistance for the Exchange of Information, June 22, 1995

Japan: The Japanese Financial Services Agency (FSA) and the U.S. Securities and Exchange Commission (SEC)
Statement of Intent Concerning Cooperation, Consultation and the Exchange of Information, May 17, 2002; Statement of Intent Concerning Cooperation, Consultation and the Exchange of Information, January 2006;

Japan: The Ministry of Agriculture, Forestry and Fisheries of Japan (MAFF) and the Ministry of Economy, Trade and Industry of Japan (METI)
Statement of Intent Concerning Consultation, Cooperation and the Exchange of Information, August 4, 2010

Jersey: The Jersey Financial Services Commission (FSC) and the U.S. Securities and Exchange Commission (SEC)
Memorandum of Understanding Concerning Cooperation, Consultation and the Exchange of Information, May 22, 2002

Mexico: Comisión Nacional Bancaria y de Valores (CNBV)
Memorandum of Understanding on Consultation, Technical Assistance, and Mutual Assistance for the Exchange of Information, May 11, 1995

The Netherlands: Government of the Kingdom of the Netherlands
Agreement (through the Government of the United States of America) on Mutual Administrative Assistance in the Exchange of Information in Futures Matters, April 29, 1993. The Ministry of Finance designated the Securities Board of the Netherlands (the Dutch futures, options, and securities regulator) and the Dutch Central Bank (the regulator for collective investment schemes) to implement the Agreement, which entered into force on February 1, 1994, after approval by the Dutch Parliament.

New Zealand: New Zealand Securities Commission (NZSC)
Memorandum of Understanding on Consultation and Mutual Assistance for the Exchange of Information, September 16, 1996

Portugal: Commissão do Mercado de Valores Mobiliários (CMVM)
Memorandum of Understanding concerning Consultation and Cooperation in the Administration and Enforcement of Futures Laws, February 4, 1999

Singapore: Monetary Authority of Singapore (MAS)
Memorandum of Understanding concerning Consultation and Cooperation and the Exchange of Information (concluded jointly with the U.S. Securities and Exchange Commission), May 16, 2000

South Africa: Financial Services Board of the Republic of South Africa (FSB)
Joint Communiqué on Exchange of Information for Cooperation and Consultation, May 27, 1997

Spain: Comisión Nacional del Mercado de Valores (CNMV)
Memorandum of Understanding on Mutual Assistance and Exchange of Information, October 26, 1992

Switzerland: Swiss Confederation
Diplomatic Notes (through the U.S. government) amending Article 1, Paragraph 3 of the Treaty on Mutual Assistance in Criminal Matters (MLAT), November 3, 1993

Taiwan: Securities and Futures Commission
Memorandum of Understanding between the CFTC and the Taiwan Securities & Exchange Commission (now the Securities & Futures Commission) through, respectively, the American Institute in Taiwan and the Coordination Council for North American Affairs (now the Taipei Economic and Cultural Representative Office in the United States), January 11, 1993

Turkey: Capital Markets Board Of Turkey
Memorandum of Understanding between the CFTC and the Capital Markets Board of Turkey concerning Consultation, Cooperation, and the Exchange of Information, June 25, 2001 new

United Kingdom: Department of Trade and Industry (DTI) (now Financial Conduct Authority (FCA))
Memorandum of Understanding on Exchange of Information in matters relating to Securities and Futures concluded jointly with the U.S. Securities and Exchange Commission, September 23, 1986

United Kingdom: Department of Trade and Industry (DTI) and Securities and Investments Board (SIB) (now Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England (BOE)). Memorandum of Understanding on Mutual Assistance and the Exchange of Information, concluded jointly with the U.S. Securities and Exchange Commission, September 25, 1991; HM Treasury (HMT) (added on May 9, 1994)