SEC and French AMF Sign MOU to Boost Cross-Border Finance Oversight
The SEC and France's AMF have formalized a supervisory agreement to improve information-sharing on investment advisers and service providers.
The U.S. Securities and Exchange Commission and France's Autorité des Marchés Financiers have entered into a supervisory Memorandum of Understanding aimed at strengthening regulatory cooperation between the two countries, the agencies jointly announced.
The agreement is designed to facilitate consultation and information-sharing between the two regulators, particularly concerning investment advisers and investment service providers operating across U.S. and French jurisdictions. Such cross-border arrangements have become increasingly common as global asset managers operate simultaneously under multiple national regulatory frameworks.
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MOUs of this type are a standard diplomatic tool among securities regulators, allowing agencies to request and exchange examination findings, compliance data, and other supervisory information without triggering separate formal legal processes. The agreement does not create binding law but establishes a structured channel for ongoing regulatory dialogue.
The SEC oversees thousands of registered investment advisers in the United States, while the AMF performs a comparable role for investment service providers in France. Greater coordination between the two bodies could benefit firms with dual registrations and investors who hold assets managed across both markets.
Analysts note that transatlantic regulatory cooperation has taken on added significance as asset managers increasingly market funds across borders and regulators in both the U.S. and European Union intensify scrutiny of cross-border financial services. Continue reading at Press Releases.
