SFC Signs On to IOSCO’s Cross-Border Regulation Plans

[kreslik.news]

The Hong Kong regulatory body, the Securities and Futures Commission (SFC), announced this Friday that it will be adopting the International Organization of Securities Commissions’ (IOSCO) enhanced standard for cross-border enforcement cooperation.

IOSCO members approved the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU) in March of 2017. Aside from having a long-winded name, the regulation aims to provide securities regulators across the globe with greater powers to clamp down on financial misconduct.

The regulation was put in place 15 years after similar regulation, the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation ... (read more)