Cross-Border Co-operation

Cross-Border Co-operation

The SFC works closely with its counterparts worldwide concerning regulatory and enforcement co-operation. Throughout the years, the SFC has signed bilateral or multilateral co-operative agreements with different jurisdictions. In this section, you will have access to:

the list of co-operative arrangements that the SFC has concluded with Mainland and overseas regulators for the purposes of exchange of information and investigatory assistance;
the list of co-operative arrangements that the SFC has concluded with Mainland and overseas regulators for the exchange of information;
the list of signatories to the Multilateral Memorandum of Understanding of the International Organization of Securities Commissions (IOSCO MMOU) on regulatory co-operation;
other regulatory co-operative arrangements.

Co-operative arrangements that the SFC has concluded with Mainland and overseas regulators for the purposes of exchange of information and investigatory assistance:

Country/ Jurisdiction	Authorities	Arrangements	Hyperlinks
Albania	Albanian Financial Services Authority	IOSCO MMOU	amf.gov.al
Austria	Financial Market Authority (FMA)	IOSCO MMOU	www.fma.gv.at/cms/site/EN/einzel.html?channel=CH0013
Australia	Australian Securities and Investments Commission	MOU - October 2001 IOSCO MMOU	www.asic.gov.au
Bahrain	The Central Bank of Bahrain	IOSCO MMOU	www.cbb.gov.bh
Belgium	Commission Bancaire Financière et des Assurances	IOSCO MMOU	www.cbfa.be
Bermuda	Bermuda Monetary Authority	CU - November 1992 IOSCO MMOU	www.bma.bm
Brazil	Comissão de Valores Mobiliarios (CVM)	IOSCO MMOU	www.cvm.gov.br/ingl/indexing.asp
British Virgin Islands	Financial Services Commission	IOSCO MMOU	www.bvifsc.vg
Bulgaria	Financial Supervision Commission	IOSCO MMOU	www.fsc.bg/?l=english
Canada (Alberta)	Alberta Securities Commission	IOSCO MMOU	www.albertasecurities.com
Canada (British Columbia)	British Columbia Securities Commission	MOU - February 1996 IOSCO MMOU	www.bcsc.bc.ca
Canada (Ontario)	Ontario Securities Commission	MOU - February 1997 IOSCO MMOU	www.osc.gov.on.ca
Canada (Quebec)	Autorité des marchés financiers	MOU - May 1998 IOSCO MMOU	www.lautorite.qc.ca
Cayman Islands	Cayman Islands Monetary Authority	IOSCO MMOU	www.cimoney.com.ky
China	China Securities Regulatory Commission	MORC - June 1993 MORC concerning Futures - July 1995 IOSCO MMOU	www.csrc.gov.cn
Chinese Taipei	Financial Supervisory Commission	IOSCO MMOU	www.fsc.gov.tw
Croatia, Republic of	Croatian Financial Services Supervisory Authority (FSSA)	IOSCO MMOU	www.hanfa.hr/index.php?LANG=ENG&MENU=jezik
Cyprus, Republic of	Cyprus Securities and Exchange Commission (CySEC)	IOSCO MMOU	www.cysec.gov.cy/legal_framework_en.aspx
Czech Republic	Czech National Bank	IOSCO MMOU	www.cnb.cz
Denmark	Danish Financial Supervisory Authority	IOSCO MMOU	www.ftnet.dk
Dubai	Dubai Financial Services Authority	IOSCO MMOU	www.dfsa.ae
Estonia	Financial Supervision Authority	IOSCO MMOU	www.fi.ee
Finland	Financial Supervision Authority	IOSCO MMOU	www.fin-fsa.fi
France	Autorité des marchés financiers	MRAA IOSCO MMOU	www.cob.fr
Germany	Bundesanstalt für Finanzdienstleistungsaufsicht	MOU - March 1998 IOSCO MMOU	www.BAFin.de
Greece	Hellenic Capital Market Commission	IOSCO MMOU	www.hcmc.gr
Guernsey	Guernsey Financial Services Commission	IOSCO MMOU	www.gfsc.gg
Hungary	Financial Supervisory Authority	IOSCO MMOU	www.pszaf.hu
Iceland	Financial Supervisory Authority	IOSCO MMOU	www.fme.is/?PageID=146
India	Securities and Exchange Board of India	IOSCO MMOU	www.sebi.gov.in
Isle of Man	Financial Supervision Commission	CU - June 1992 IOSCO MMOU	www.fsc.gov.im
Israel	Israel Securities Authority	MOU - March 2006 IOSCO MMOU	www.isa.gov.il
Italy	Commissione Nazionale per le Società e la Borsa	MOU - May 1997 IOSCO MMOU	www.consob.it
Japan	Financial Services Agency	Statement of Intent - May 2005 IOSCO MMOU	www.fsa.go.jp
Japan	Ministry of Agriculture, Forestry and Fisheries of Japan	IOSCO MMOU	www.maff.go.jp
Japan	Ministry of Economy, Trade and Industry of Japan	IOSCO MMOU	www.meti.go.jp
Jersey	Jersey Financial Services Commission	Letter of Intent - September 2005 IOSCO MMOU	www.jerseyfsc.org
Jordan	Jordan Securities Commission	IOSCO MMOU	www.jsc.gov.jo
Kenya	Capital Markets Authority of the Republic of Kenya	IOSCO MMOU	www.cma.or.ke
Korea, Republic of	Financial Services Commission (FSC) / Financial Supervisory Service (FSS)	IOSCO MMOU	www.fsc.go.kr/eng
Liechtenstein	Financial Market Authority	IOSCO MMOU	www.fma-li.li
Lithuania	Lithuanian Securities Commission	IOSCO MMOU	www.lsc.lt
Luxembourg	Commission de Surveillance du Secteur Financier	CU - October 1999 IOSCO MMOU	www.cssf.lu
Macedonia, Republic of	The Securities and Exchange Commission of the Republic of Macedonia, Former Yugoslav Republic of Macedonia	IOSCO MMOU	www.sec.gov.mk
Malaysia	Securities Commission	MOU - February 1994 IOSCO MMOU	www.sc.com.my
Malta	Malta Financial Services Authority	IOSCO MMOU	www.mfsa.com.mt
Mexico	Comision Nacional Bancaria y de Valores	IOSCO MMOU	www.cnbv.gob.mx
Montenegro	Montenegro Securities Commission	IOSCO MMOU
Morocco	Conseil deontologique des valeurs mobilieres	IOSCO MMOU	www.cdvm.gov.ma
Netherlands	The Netherlands Authority of the Financial Markets	IOSCO MMOU	www.afm.nl
New Zealand	Securities Commission	MOU - September 1996 IOSCO MMOU	www.seccom.govt.nz
Nigeria	Securities and Exchange Commission	IOSCO MMOU	www.sec.gov.ng
Norway	Kredittilsynet (Financial Supervisory Authority of Norway)	IOSCO MMOU	www.kredittilsynet.no
Pakistan	The Securities and Exchange Commission	IOSCO MMOU	www.secp.gov.pk
Philippines	Securities and Exchange Commission	MOU - November 2004	www.sec.gov.ph
Poland	Polish Securities and Exchange Commission	IOSCO MMOU	www.kpwig.gov.pl
Portugal	Comissão do Mercado de Valores Mobiliários	MOU - May 2000 IOSCO MMOU	www.cmvm.pt
Republic of the Maldives	Capital Market Development Authority	IOSCO MMOU	www.cmda.gov.mv
Romania	Romanian National Securities Commission	IOSCO MMOU	www.cnvmr.ro
Saudi Arabia	The Capital Market Authority (CMA)	IOSCO MMOU	www.cma.org.sa/cma_en/default.aspx
Serbia, Republic of	Securities Commission	IOSCO MMOU	www.sec.gov.rs
Singapore	Monetary Authority of Singapore	MOU - January 1997 IOSCO MMOU	www.mas.gov.sg
Slovakia	National Bank of Slovakia	IOSCO MMOU	www.nbs.sk
Slovenia	Securities Market Agency (SMA)	IOSCO MMOU	www.a-tvp.si
South Africa	Financial Services Board	MOU - Septmber 1998 IOSCO MMOU	www.fsb.co.za
Spain	Comisión Nacional del Mercado de Valores	MOU - September 1996 IOSCO MMOU	www.cnmv.es
Sri Lanka	Securities and Exchange Commission of Sri Lanka	IOSCO MMOU	www.sec.gov.lk
Srpska, Republic of	Securities Commission of the Republic of Srpska, ("The Commission")	IOSCO MMOU	www.sec.rs.ba
Sweden	Finansinspektionen	IOSCO MMOU	www.fi.se
Switzerland	Swiss Financial Market Supervisory Authority (FINMA)	IOSCO MMOU	www.finma.ch
Syrian Arab Republic	The Syrian Commission on Financial Markets and Securities (SCFMS)	IOSCO MMOU	www.scfms.sy
Tanzania	The Capital Market and Securities Authority	IOSCO MMOU	www.cmsa-tz.org
Thailand	Securities and Exchange Commission	MOU - November 1993 IOSCO MMOU	www.sec.or.th
Tunisia	Conseil du Marche Fiancier (CMF)	IOSCO MMOU	www.cmf.org.tn
Turkey	Capital Markets Board	IOSCO MMOU	www.cmb.gov.tr
United Kingdom	Financial Services Authority	MOU - October 1992 IOSCO MMOU	www.fsa.gov.uk
United States of America	The United States Commodity Futures Trading Commission	MOU - October 1995 IOSCO MMOU	www.cftc.gov
United States of America	The United States Securities and Exchange Commission	MOU - October 1995 IOSCO MMOU	www.sec.gov
Uruguay	The Central Bank of Uruguay (CBU)	IOSCO MMOU	www.bcu.gub.uy
West Africa Monetary Union	Regional Council on Public Savings and Financial Markets	IOSCO MMOU	www.crepmf.org

Co-operative arrangements that the SFC has concluded with Mainland and overseas regulators for the exchange of information:

Country/ Jurisdiction	Authorities	Arrangements	Hyperlinks
Austria	Financial Market Authority		www.fma.gv.at
Bahamas	Securities Commission of the Bahamas		www.scb.gov.bs
Brazil	Comissão de Valores Mobiliários	MOU - May 1997	www.cvm.gov.br
Canada	Winnipeg Commodity Exchange Inc.	CU - 1994	www.wce.ca
China	Administration and Supervision Department of the State Administration of Foreign Exchange	MORC and Technical Assistance - December 1996	www.safe.gov.cn
China	China Banking Regulatory Commission	MOU - April 2007	www.cbrc.gov.cn
China	China Insurance Regulatory Commission	Regulatory Co-operation Agreement of Understanding - March 2008	www.circ.gov.cn
China	People's Bank of China	Letter of Intent for Co-operation - 1997	www.pbc.gov.cn
China	Shanghai Securities Exchange	MORC - June 1993	www.sse.com.cn
China	Shenzhen Stock Exchange	MORC - June 1993	www.szse.cn
Chinese Taipei	Securities and Futures Bureau of the Financial Supervisory Commission	MOU - February 1996	www.sfb.gov.tw
Cyprus	Central Bank of Cyprus	CU - 1994/1995	www.centralbank.gov.cy
Cyprus	Cyprus Securities and Exchange Commission		www.cysec.gov.cy
France	Commission Bancaire (Banking Commisison)		www.commission-bancaire.org
Guernsey	Guernsey Financial Services Commission	CU - 1992	www.gfsc.gg
Indonesia	Capital Market Supervisory Agency	MOU - October 1994	www.bapepam.go.id
Ireland	Irish Financial Services Regulatory Authority	CU - November 1997	www.ifsra.ie
Macau	Monetary Authority of Macao	MOU - July 2000	www.amcm.gov.mo
Netherlands	The Netherlands Authority for the Financial Markets	CU - June 1994	www.afm.nl
Sweden	Finansinspektionen	MOU - September 1998	www.fi.se
Switzerland	Swiss Federal Banking Commission		www.ebk.admin.ch
United Stated of America	Office of Thrift Supervision		www.ots.treas.gov
Viet Nam	State Securities Commission of Viet Nam	MOU - April 2009	www.ssc.gov.vn

Notes:
Documents that are available are published with the consent of the counterparties.
MOU - Memorandum of Understanding
MMOU - IOSCO Multilateral Memorandum of Understanding
CU - Confidentiality Undertaking
MRAA - Memorandum Regarding Administrative Arrangements
MORC - Memorandum of Regulatory Cooperation

IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Co-operation and the Exchange of Information ("IOSCO MMOU")
The IOSCO MMOU, adopted by the IOSCO, is the first global information-sharing arrangement among securities regulators. It sets a new international benchmark for co-operation critical to combating violations of securities and derivatives laws. Applicants to become signatories to the IOSCO MMOU must undergo a rigorous screening process to verify their ability to co-operate as provided in the IOSCO MMOU.

The SFC is a signatory together with regulators from other jurisdictions worldwide. The following is a list of the current signatories:

Country/ Jurisdiction	Authorities
Albania	Albanian Financial Services Authority
Australia	Australian Securities and Investments Commission
Austria	Financial Market Authority
Bahrain	The Central Bank of Bahrain
Belgium	Commission Bancaire Financière et des Assurances
Bermuda	Bermuda Monetary Authority
Brazil	Comissão de Valores Mobiliarios
British Virgin Islands	Financial Services Commission
Bulgaria	Financial Supervision Commission
Canada (Alberta)	Alberta Securities Commission
Canada (British Columbia)	British Columbia Securities Commission
Canada (Ontario)	Ontario Securities Commission
Canada (Quebec)	Autorité des marchés financiers
Cayman Islands	Cayman Islands Monetary Authority
China	China Securities Regulatory Commission
Chinese Taipei	Financial Supervisory Commission
Croatia, Republic of	Croatian Financial Services Supervisory Authority
Czech Republic	Czech National Bank
Cyprus, Republic of	Cyprus Securities and Exchange Commission
Denmark	Danish Financial Supervisory Authority
Dubai	Dubai Financial Services Authority
Estonia	Financial Supervision Authority
Finland	Financial Supervision Authority
France	Autorité des marchés financiers
Germany	Bundesanstalt für Finanzdienstleistungsaufsicht
Greece	Hellenic Capital Market Commission
Guernsey	Guernsey Financial Services Commission
Hong Kong, China	Securities and Futures Commission
Hungary	Financial Supervisory Authority
Iceland	Financial Supervisory Authority
India	Securities and Exchange Board of India
Isle of Man	Financial Supervision Commission
Israel	Israel Securities Authority
Italy	Commissione Nazionale per le Società e la Borsa
Japan	Financial Service Agency
Japan	Ministry of Agriculture, Forestry and Fisheries of Japan
Japan	Ministry of Economy, Trade and Industry of Japan
Jersey	Jersey Financial Services Commission
Jordan	Jordan Securities Commission
Kenya	Capital Markets Authority of the Republic of Kenya
Korea, Republic of	Financial Services Commission / Financial Supervisory Service
Liechtenstein	Financial Market Authority
Lithuania	Lithuanian Securities Commission
Luxembourg	Commission de Surveillance du Secteur Financier
Macedonia, Republic of	The Securities and Exchange Commission of the Republic of Macedonia, Former Yugoslav Republic of Macedonia
Malaysia	Securities Commission
Malta	Malta Financial Services Authority
Mexico	Comision Nacional Bancaria y de Valores
Montenegro	Montenegro Securities Commission
Morocco	Conseil deontologique des valeurs mobilieres
Netherlands	The Netherlands Authority of the Financial Markets
New Zealand	Securities Commission
Nigeria	Securities and Exchange Commission
Norway	Kredittilsynet (Financial Supervisory Authority of Norway)
Pakistan	The Securities and Exchange Commission
Poland	Polish Securities and Exchange Commission
Portugal	Comissão do Mercado de Valores Mobiliários
Republic of the Maldives	Capital Market Development Authority
Romania	Romanian National Securities Commission
Saudi Arabia	The Capital Market Authority
Serbia, Republic of	Securities Commission
Singapore	Monetary Authority of Singapore
Slovakia	The National Bank of Slovakia
Slovenia	Securities Market Agency
South Africa	Financial Services Board
Spain	Comisión Nacional del Mercado de Valores
Sri Lanka	Securities and Exchange Commission of Sri Lanka
Srpska, Republic of	Securities Commission of Republic of Srpska
Sweden	Finansinspektionen
Switzerland	Swiss Financial Market Supervisory Authority
Syrian Arab Republic	The Syrian Commission on Financial Markets and Securities
Tanzania	The Capital Market and Securities Authority
Thailand	Securities and Exchange Commission
Tunisia	Conseil du Marche Fiancier
Turkey	Capital Markets Board
United Kingdom	Financial Services Authority
United States of America	The United States Commodity Futures Trading Commission
United States of America	The United States Securities and Exchange Commission
Uruguay	The Central Bank of Uruguay
West Africa Monetary Union	Regional Council on Public Savings and Financial Markets

Other regulatory co-operative arrangements:

Country/ Jurisdiction	Authorities	Arrangements	Hyperlinks
Australia	Australian Securities and Investments Commission	Declaration of Mutual Recognition - July 2008	www.asic.gov.au
Dubai	Dubai Financial Services Authority	MOU - April 2008	www.dfsa.ae
Guernsey	Guernsey Financial Services Commission	Letter of Intent - June 2005	www.gfsc.gg
India	Securities and Exchange Board of India	Letter of Intent - May 2005	www.sebi.gov.in
Indonesia	Capital Market Supervisory Agency	Letter of Intent - May 2004	www.bapepam.go.id
Malaysia	Securities Commission	Letter of Intent - July 2005 Declaration on Mutual Co-operation - Nov 2009	www.sc.com.my
Sri Lanka	Securities and Exchange Commission of Sri Lanka	Letter of Intent - April 2005	www.sec.gov.lk
Thailand	Securities and Exchange Commission	Letter of Intent - November 2004	www.sec.or.th