Japan’s Financial Services Agency (FSA) has signed a Memorandum of Cooperation (MoC) with the National Bank of Slovakia (NBS) related to the supervision of funds and fund managers conducting their business on a cross-border basis.

The MoC is a regulatory cooperation arrangement required under the Alternative Investment Fund Managers Directive, which was published and entered into force in July 2011.

The content of the MoC is the same as the ones signed on July 19 and July 31 with each of 28 national securities regulators in the EU.

The 28 national securities regulators are securities regulators of Austria, Belgium, Bulgaria, Cyprus, 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.

Through the MoC, the FSA and the NBS will exchange regulatory information upon request by each authority.

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