The CFTC and SEC (the "agencies") agreed to an updated Memorandum of Understanding ("MOU") to enhance regulatory coordination and facilitate information exchanges and data sharing for areas of common regulatory interest. In particular, the MOU addresses coordination on swap and security-based swap regulation.
The MOU outlines expectations for:
The new MOU updates a 2008 MOU between the agencies.
The MOU will become effective on the date of its signing by SEC Chair Jay Clayton and CFTC Chair J. Christopher Giancarlo, and will remain effective unless otherwise terminated by either agency.