The US Commodity Futures Trading Commission has announced that CFTC Chairman Tim Massad and Donald Murray, chair of the Manitoba Securities Commission (MSC), have signed a Counterpart to the Memorandum of Understanding (MOU) on 25 March 2014.
The MoU has been inked regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in the United States and in certain Canadian provinces.
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The MOU, originally signed by four other Canadian authorities, included a provision for additional Canadian authorities to become parties to the MOU. The CFTC and MSC have executed the Counterpart in order for the MSC to join the MOU.
Through the MOU, the CFTC and MSC express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates. The scope of the MOU includes markets and organized trading platforms, central counterparties, trade repositories, and intermediaries, dealers, and other market participants.
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