U.S., German Securities Regulators To Share Info

Law360, New York (April 27, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission and Germany’s securities regulator will team up in an effort to supervise international firms.

SEC Chairman Christopher Cox and Jochen Sanio, the president of German regulator BaFin, on Thursday signed a memorandum of understanding in Berlin, pledging to share information on firms that are regulated by both agencies.

The document outlines the type of information that the two regulators will share and lays out a framework for determining which entities will be regulated.

Cox praised the bilateral agreement.

“The SEC...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.