Memoranda of Understanding

Memoranda of Understanding: Cooperation for Supervisory, Prudential, and Risk Assessment Purposes

These arrangements facilitate information sharing for supervisory, prudential, and risk-assessment purposes. They establish a framework for cooperation in various cross-border contexts, and address such matters as sharing information on derivatives and related activity, sharing fitness and financial information, and conducting on-site examinations.

Australia: Reserve Bank of Australia (RBA) and Australian Securities and Investments Commission (ASIC)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Clearing Organizations, June 5, 2014

Australia: Australian Securities and Investments Commission (ASIC)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Covered Entities, September 29, 2014

Australia: Australian Prudential Regulation Authority (APRA)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Covered Firms, April 13, 2015

Canada: Ontario Securities Commission (OSC) and Commission des valeurs mobilières de Québec (CVMQ) (now Autorité des marchés financiers (AMF)) (and Canadian self-regulatory organizations)
Financial Information-Sharing Memorandum of Understanding, September 23, 1991

Canada: Alberta Securities Commission (ASC), British Columbia Securities Commission (BCSC), Ontario Securities Commission (OSC), Autorité des marchés financiers (AMF), Manitoba Securities Commission (MSC), Financial and Consumer Services Commission (New Brunswick) (FCNB), Financial and Consumer Affairs Authority of Saskatchewan (FCAA), Nova Scotia Securities Commission (NSSC), Superintendent of Securities (Yukon) (SSY), Superintendent of Securities (Northwest Territories) (SSNT), Superintendent of Securities (Nunavut) (SSNU), Superintendent of Securities (Prince Edward Island) (SSP) and Superintendent of Securities (Newfoundland and Labrador) (SNL)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Covered Entities, March 25, 2014
Counterpart to the Memorandum of Understanding (Adding the MSC as a Signatory), October 21, 2014
Counterparts to the Memorandum of Understanding (Adding the FCNB, FCAA, and NSSC as Signatories), April 20, 2016
Counterparts to the Memorandum of Understanding (Adding the SSY, SSNT, SSNU, and SSP as Signatories), July 27, 2016
Counterpart to the Memorandum of Understanding (Adding the SNL as a Signatory), November 1, 2016

European Union: European Securities and Markets Authority (ESMA)
Memorandum of Understanding Related to ESMA's Assessment of Compliance and Monitoring of the Ongoing Compliance with Recognition Conditions by Derivatives Clearing Organizations Established in the United States, June 2, 2016

France: Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Other Parties (Member Authorities) to the Cooperation Arrangement for the Crisis Management Group for LCH.Clearnet SA
Cross-Border Cooperation Arrangement Among Authorities of the Crisis Management Group on LCH SA, June 18, 2018

France: Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel (ACP) (now Autorité de Contrôle Prudentiel et de Résolution (ACPR))
Understanding Concerning Supervision of LCH.Clearnet SA, January 4, 2011

France: Conseil des Marches Financiers (CMF) (now Autorité des Marchés Financiers (AMF))
Memorandum of Understanding (regarding information sharing on remote members of regulated markets), March 21, 2002

Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Clearing Organizations, January 25, 2016

Hong Kong: Securities and Futures Commission (SFC)
Declaration on Cooperation and Supervision of Cross-Border Managed Futures Activity, October 5, 1995

Hong Kong: Securities and Futures Commission (SFC)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Covered Entities, December 21, 2015

Italy: Commissione Nazionale per le Società e la Borsa (CONSOB)
Exchange of Letters (relating to the listing of equity-based futures contacts), April 5, 2000

Italy: Commissione Nazionale per le Società e la Borsa (CONSOB)
Supplemental Memorandum of Understanding (to facilitate the recognition of regulated markets), September 11, 2000

Japan: Financial Services Agency (JFSA)
Memorandum of Cooperation, Supervision of Cross-Border Covered Entities, March 10, 2014

Korea: Financial Services Commission (FSC) and Financial Supervisory Service (FSS)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Clearing Organizations, September 25, 2015

Mexico: Comisión Nacional Bancaria y de Valores (CNBV) and Banco de México (BDM)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Central Counterparties and Trade Repositories, August 31, 2016

Multilateral Arrangement: Declaration on Cooperation and Supervision of International Futures Exchanges and Clearing Organizations, March 15, 1996 (as amended in October 1997 and March 1998) (Boca Declaration).

The Boca Declaration and a companion exchange MOU constitute multilateral mechanisms for sharing information on a bilateral basis and establish mechanisms whereby the occurrence of certain agreed triggering events affecting an exchange member's financial resources or positions will prompt the sharing of information under the Boca Declaration and/or MOU.

Boca Declaration signatories include authorities in the following jurisdictions: Argentina, Australia, Austria, Belgium, Brazil, Canada (Québec and Ontario), Denmark, Dubai, France, Germany, Hong Kong, Hungary, Ireland, Italy, Japan, Malaysia, the Netherlands, New Zealand, Portugal, Singapore, South Africa, Spain, Sweden, Chinese Taipei, Turkey, the United Kingdom, and the United States.

Singapore: Monetary Authority of Singapore (MAS)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Covered Entities, December 27, 2013

United Kingdom: Securities and Investments Board (SIB) (now Financial Conduct Authority (FCA)) (and U.K. self-regulatory organizations)
Financial Information-Sharing Memorandum of Understanding, September 1, 1988
Addendum to Financial Information-Sharing Memorandum of Understanding, May 15, 1989

United Kingdom: Bank of England (BOE) (now also Financial Conduct Authority (FCA))
Memorandum of Understanding (concluded jointly with the U.S. Securities and Exchange Commission), October 27, 1997

United Kingdom: Financial Services Authority (FSA) (now Financial Conduct Authority (FCA) and Bank of England (BOE))
Arrangement on Warehouse Information (to facilitate exchanges of information for surveillance and enforcement purposes regarding deliverable commodities), May 17, 2000

United Kingdom: Financial Services Authority (FSA) (now Financial Conduct Authority (FCA) and Bank of England (BOE))
Memorandum of Understanding, Consultation, Cooperation and the Exchange of Information Related to Market Oversight, November 17, 2006

United Kingdom: Financial Services Authority (FSA) (now Bank of England (BOE))
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Clearing Organizations, September 14, 2009

United Kingdom: Financial Conduct Authority (FCA)
Memorandum of Understanding, Cooperation and the Exchange of Information in the Supervision of Covered Firms, October 6, 2016

United Kingdom: Bank of England (BOE) and Other Parties (Members and Observer) to the Cooperation Arrangement for the Crisis Management Group for LCH.Clearnet Ltd
LCH Ltd Framework Arrangement among Crisis Management Group Members, September 6, 2017