IOSCO Approves Enhanced Cross-Border Standards for Exchanging Information among Members
IOSCO approved the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information ("EMMoU"). The EMMoU provides additional enforcement powers that enable IOSCO members to: (i) access and share audit work papers and related information; (ii) compel physical attendance for testimony; (iii) freeze assets; (iv) obtain and share existing internet service provider records; and (v) obtain and share existing telephone records.