SEC roundtable on recognition of foreign intermediaries
27 May 2007
The US Securities and Exchange Commission will host a roundtable discussion on 12 June 2007 on the topic of selective mutual recognition.
Selective mutual recognition would involve the SEC permitting certain types of foreign financial intermediaries to provide services to US investors under an abbreviated registration system, provided those entities are supervised in a foreign jurisdiction under a securities regulatory regime substantially comparable (but not necessarily identical) to that in the United States. The roundtable will explore whether selective mutual recognition would benefit US investors by providing greater cross-border access to foreign investment opportunities while preserving investor protection. Click for SEC Press Release (PDF 46k).
