Securities regulators from Ontario, Quebec, Alberta, and British Columbia have entered into a cooperation agreement with the U.S. Commodity Futures Trading Commission (CFTC) aimed at improving the supervision and oversight of regulated entities operating in both the United States and Canada. The Supervisory MOU (PDF) provides a framework for consultation, cooperation, and information-sharing related to the regulation of derivatives and/or securities markets, with the aim of protecting investors and customers; enhancing market integrity and confidence; and reducing systemic risk. Cooperation will be achieved primarily through continuing, informal consultations that are supplemented by more formal cooperation when needed. The formal component would, for example, include mutual assistance in obtaining the following: Information relevant to the financial and operational condition of a cross-border covered entity, including, for example, financial resources, risk management, and internal
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