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CFTC and Canadian Provincial Regulators Expand Cross-Border MOU

CFTC Chair Timothy Massad, Superintendent of Securities for Newfoundland and Labrador John O'Brien, and Deputy Minister for Intergovernmental Affairs Patricia Hearn signed a Counterpart to a 2014 Memorandum of Understanding ("MOU"). The MOU concerns cooperation and the exchange of information in the supervision and oversight of entities that operate on a cross-border basis in the United States and Canada. The amended MOU includes several Canadian governmental bodies as signatories even though they were not party to the former version of the MOU.

Entities within the scope of the MOU include (i) markets and organized trading platforms, (ii) central counterparties, (iii) trade repositories, and (iv) intermediaries, dealers and other market participants.

Primary Sources

  1. CFTC Counterpart to Memorandum of Understanding (Newfoundland and Labrador)
  2. CFTC Press Release: "CFTC and Canadian Authority Sign Counterpart to Memorandum of Understanding to Enhance Supervision of Cross-Border Regulated Entities" (November 2, 2016)

Related Articles

  • CFTC and Canadian Financial Regulators Sign MOU

    CFTC Chair Massad and authorities in three Canadian provinces and the Northwest Territories signed counterparts to a 2014 Memorandum of Understanding on cross-border cooperation in the supervision and oversight of regulated entities.

Tags

Individuals
John O'Brien , Patricia Hearn , Timothy G. Massad
Regulated Activities
Cross-Border Regulatory Oversight
Sub-Activity
Regulatory Co-operation
Regulated Entities
Regulatory Agencies Markets
Sub-Entity
SEFs / SBSEFs
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Impacted Foreign Jurisdiction
Canada
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC