Japan’s Financial Services Agency (FSA) has signed memoranda of co-operation (MoC) with national securities regulators in the EU related to the supervision of funds and fund managers conducting their business on a cross-border basis.

The EU 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 UK.

The MoCs are regulatory co-operation 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.