FINRA and AMF Sign Agreement to Improve Cooperation in Financial Markets

FINRA and the Autorité des marchés financiers (AMF) signed on 19 October 2009 a memorandum of understanding (MoU) on information-sharing with a view to strengthening and improving cooperation in the surveillance and supervision of the markets under their jurisdictions.  The memorandum establishes a formal basis for cooperation among FINRA and the AMF in order to more effectively conduct their oversight of regulated markets and financial firms.

 The MoU has two main aims:  organize the transmission of information between authorities regarding market surveillance and investigations into market abuse and facilitate the sharing of information on trading by firms coming within the two authorities' respective jurisdictions.