The Securities and Exchange Commission together with financial regulators of the member states of the European Union (EU) and the European Economic Area (EEA) have established supervisory arrangements. This comes as part of a long-term strategy to improve the oversight of certain entities in the asset management industry that operate across national borders.

The MOUs or memoranda of understanding were signed this week. Their goal is to provide a framework for “supervisory cooperation and exchange of information between SEC and the EU/EEA member state national regulators in the area of asset management.”

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