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Screenshot of a breaking news alert e-mail from Q2 2017
The U.S. Commodity Futures Trading Commission (CFTC) has announced that CFTC Chairman Timothy Massad and Andrew Bailey, Chief Executive of the UK’s Financial Conduct Authority (FCA), have signed a Memorandum of Understanding regarding cooperation and the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in the United States and in the United Kingdom.
Through the MoU, the CFTC and FCA have expressed their willingness to cooperate in the interest of fulfilling their regulatory mandates. The scope of the MoU includes the 20 firms registered with the CFTC as swap dealers.
The MoU also covers the sensitive topic of on-site visits by each regulator in the jurisdiction of the other, as well as the sharing of confidential information.
A copy of the agreement between the CFTC and NFA can be downloaded here.