Japan's Financial Services Agency: Memorandum Of Cooperation With National Serucurites Regulators In The EU

On July 19, the Financial Services Agency (FSA) signed Memorandums of Cooperation (MoCs) (PDF:86KB) with national securities regulators in the EU related to the supervision of funds and fund managers conducting their business on a cross-border basis.

(Note) The national securities regulators are securities regulators of Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, and the United Kingdom.

The MoCs are regulatory coopeation arrangements required under the Alternative Investment Fund Managers Directive, which was published and entered into force in July 2011.

Through the MoCs, the FSA and the national securities regulators will exchange regulatory information upon request by each authority.