Hong Kong's Securities And Futures Commission Signs MoU With FINRA To Enhance Supervision And Oversight Of Cross-Border Regulated Entities

The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the Financial Industry Regulatory Authority of the United States (FINRA) concerning mutual assistance in the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and in the United States.

Through the MoU, which covers financial market participants or other entities that are regulated by the SFC or FINRA, the SFC and the FINRA express their willingness to cooperate with each other in the interest of fulfilling their respective regulatory mandates.

Note:

1. The MoU, which came into effect on 9 May 2016, is posted on the SFC website.