US and Hong Kong augment data sharing deal
20 January 2017 Washington DC
Image: Shutterstock
The US Íø±¬³Ô¹Ï and Exchange Commission has renewed its ties with the Hong Kong Íø±¬³Ô¹Ï and Futures Commission (SFC) to further strengthen oversight of entities operating in both markets.
The new agreement builds on a foundation agreement signed in 1995 and will allow for easier data sharing on the activities of their market’s constituents, such as investment advisers, broker-dealers, securities exchanges, vendors, and credit rating agencies.
The original agreement was limited to investment managers.
Paul Leder, director of the SEC’s international affairs office, said: “By creating a formal channel for exchanging supervisory information with the SFC, this new arrangement will enhance the SEC’s ability to supervise firms on a cross-border basis.â€
The new agreement builds on a foundation agreement signed in 1995 and will allow for easier data sharing on the activities of their market’s constituents, such as investment advisers, broker-dealers, securities exchanges, vendors, and credit rating agencies.
The original agreement was limited to investment managers.
Paul Leder, director of the SEC’s international affairs office, said: “By creating a formal channel for exchanging supervisory information with the SFC, this new arrangement will enhance the SEC’s ability to supervise firms on a cross-border basis.â€
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