SEC signs IFRS info-sharing protocols with four countries
25 May 2008
The US Securities and Exchange Commission has signed protocols enabling it to share information with financial regulators in four European countries on the application of International Financial Reporting Standards.
The four countries are Belgium, Bulgaria, Norway, and Portugal. These agreements are based on a prototype agreement previously adopted by the SEC and the Committee of European Securities Regulators (CESR) – among many others. As capital markets globalise, securities regulators are developing information-sharing arrangements to enable cross-border regulation. Click for SEC Press Release (PDF 47k). Here is a link to the SEC Web Page detailing their cooperative arrangements with foreign regulators.
