IOSCO approves the enhanced standard for cross-border enforcement cooperation
Mar 31, 2017
On March 31, 2017, the members of the International Organization of Securities Commissions (IOSCO) approved the "Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information" (EMMoU), which offers securities regulators new enforcement powers for responding to the challenges arising from recent developments in global financial markets.
The EMMoU provides for additional enforcement powers that IOSCO believes are necessary for continuing to safeguard the integrity and stability of markets, protect investors, and deter misconduct and fraud.
Review the press release on the IOSCO's website.
