Saturday, November 19, 2011

FINRA and Ontario Securities Commission Sign Regulatory Cooperation Arrangement

FINRA and the Ontario Securities Commission (OSC) today announced they have entered into a Memorandum of Understanding (MOU). The MOU will facilitate the exchange of information with respect to regulated entities that operate across the U.S.-Canadian border. It was signed in Toronto on Nov. 10, 2011, and establishes a strong framework to improve the ability of the OSC and FINRA to oversee securities firms and markets. The arrangement will aid the exchange of information on firms and individuals under common supervision, support collaboration on investigations and enforcement matters, and provide a more complete view of market activity.

Mr. Wetston, Chair of the OSC,
said, "Cross-jurisdictional regulatory coordination is essential for protecting investors in today's global marketplace. This framework acknowledges the interconnectedness of our markets and represents our commitment to working collaboratively with our international regulatory partners to address threats to investors and markets."

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