April 20, 2016

CFTC and Three Canadian Authorities Sign Counterparts to Memorandum of Understanding to Enhance Supervision of Cross-Border Regulated Entities

Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed Counterparts with authorities in three Canadian provinces to a 2014 Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in the United States and in Canada.

Chairman Massad signed the Counterparts to the MOU with Peter Klohn, Chair of the Financial and Consumer Services Commission in New Brunswick; Roger Sobotkiewicz, Chairperson of the Financial and Consumer Affairs Authority of Saskatchewan; and Paul E. Radford, Chair of the Nova Scotia Securities Commission (Canadian Authorities).

The CFTC and Canadian Authorities expressed their willingness to cooperate pursuant to the MOU, originally executed on March 25, 2014, in the interest of fulfilling their respective regulatory mandates. The scope of the MOU includes markets and organized trading platforms, central counterparties, trade repositories, and intermediaries, dealers, and other market participants.

See the Counterparts to the MOU under Related Link.

Last Updated: April 20, 2016