Four Canadian regulators sign on to MOU with U.S. CFTC

first_img The original MOU was signed in 2014 between the CFTC and the provincial securities commissions in Alberta, British Columbia, Ontario and Quebec. Earlier this year, New Brunswick, Nova Scotia and Saskatchewan signed on as well. The arrangement covers markets, trading platforms, central counterparties, trade repositories and intermediaries, such as dealers and other market participants. Related news MX delays extended hours launch Facebook LinkedIn Twitter Montreal Exchange proposes rulebook reforms Share this article and your comments with peers on social mediacenter_img Keywords Derivatives The U.S. Commodity Futures Trading Commission (CFTC), which regulates derivatives trading in the U.S., has added four Canadian provincial securities commission to a memorandum of understanding (MOU) designed to enhance cross-border supervision. Specifically, regulatory authorities in four jurisdictions — the Yukon, Nunavut, and the Northwest Territories, along with Prince Edward Island — have joined an MOU with the CFTC, which sets out the terms of co-operation and exchanging information between the regulators. The agreement is intended to bolster the supervision and oversight of regulated firms that operate on a cross-border basis in the U.S. and Canada. CFTC has collected more than US$1 billion in sanctions via tipsters James Langton last_img read more