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

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

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

European Securities and Markets Authority (ESMA)
Enhanced Memorandum of Understanding Related to ESMA’s Assessment of Compliance and Monitoring of the Ongoing Compliance with Recognition Conditions by Certain Derivatives Clearing Organizations Established in the United States, January 6, 2021

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

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

Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Other Parties (Member Authorities) to the Cooperation Arrangement for the Crisis Management Group for LCH SA
Cross-Border Cooperation Arrangement Among Authorities of the Crisis Management Group on LCH SA, September 13, 2019

Autorité des Marchés Financiers (AMF)
Memorandum of Understanding Concerning Cooperation and the Exchange of Information Related to the Supervision of Covered Firms, October 26, 2023

Germany

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

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

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

Commissione Nazionale per le Società e la Borsa (CONSOB)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Covered Firms, November 25, 2020

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

Taiwan

Memorandum of Understanding between the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), with the CFTC and Financial Supervisory Commission as designated representatives of the AIT and TECRO, respectively, November 15, 2023

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

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

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

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

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, July 14, 2017

Bank of England (BOE) and Other Parties (Members and Observer) to the Cooperation Arrangement for the Crisis Management Group for ICE Clear Europe Ltd
ICE Ltd Framework Arrangement among Crisis Management Group Members, November 29, 2018

Financial Conduct Authority (FCA)
Memorandum of Understanding, Cooperation and the Exchange of Information in the Context of Supervising Covered Firms, June 20, 2019

Financial Conduct Authority (FCA)
Memorandum of Understanding, Consultation, Cooperation and the Exchange of Information Related to the Supervision of Covered Entities in the Alternative Investment Fund Industry, June 20, 2019

Bank of England (BOE)
Memorandum of Understanding, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Clearing Organizations, October 20, 2020

Bank of England (BOE) (with the Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), and U.S. Securities and Exchange Commission (SEC))
Confidentiality Arrangement Regarding the Sharing of Confidential Information in Connection with Central Counterparty Resolution Planning, December 7, 2020

United States

Commodity Futures Trading Commission (CFTC) and Federal Deposit Insurance Corporation (FDIC) and Other Parties (Member Authorities) to the Cooperation Agreement for the Crisis Management Group for Chicago Mercantile Exchange, Inc.
Cross-border Cooperation Agreement among Members of the Chicago Mercantile Exchange, Inc. Crisis Management Group, September 23, 2020

Commodity Futures Trading Commission (CFTC) and Federal Deposit Insurance Corporation (FDIC) and Other Parties (Member Authorities) to the Cooperation Agreement for the Crisis Management Group for ICE Clear Credit LLC
Cross-border Cooperation Agreement among Members of the ICE Clear Credit LLC Crisis Management Group, September 23, 2020 (with accession, December 1, 2023)

Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission (SEC) and Other Parties (Member Authorities including the Commodity Futures Trading Commission (CFTC)) to the Cooperation Agreement for the Crisis Management Group for the Options Clearing Corporation
Cross-border Cooperation Agreement among Members of the Options Clearing Corporation Crisis Management Group and Addendum (French Translation), April 23, 2024