NASSAU, THE BAHAMAS – The Securities Commission of The Bahamas participated in the official signing ceremony for IOSCO’s enhanced information sharing agreement as one of only eight securities regulators approved to fully adopt the new protocol.
Ms. Christina Rolle, the Commission’s executive director, represented the securities regulator at the ceremony, which was held during IOSCO’s 44th Annual General meeting in Sydney, Australia on Tuesday, May 14, 2019.
The information sharing agreement, known as the Enhanced Multilateral Memorandum of Understanding (“EMMoU”), goes beyond IOSCO’s prevailing information sharing agreement with new provisions aimed to keep pace with technological, societal and market developments, and to bolster deterrence to better protect investors and the markets.
According to IOSCO’s website, other early adopters and A.1 signatories to the EMMoU include: British Columbia Securities Commission, Securities and Futures Commission (Hong Kong), Ontario Securities Commission, Autorité des Marchés Financièrs (Quebec), Monetary Authority of Singapore, and the Commodity Futures Trading Commission (USA), and the Securities and Exchange Commission (USA).
The EMMoU will make additional avenues available to regulators to enhance the outcome of investigation and enforcement activity.