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The Ontario Securities Commission (OSC) has signed a cross-border co-operation agreement with its counterpart in the Netherlands.

The OSC has entered an agreement with the Autoriteit Financiële Markten (AFM) that governs the cross-border supervision of firms operating in Ontario and the Netherlands.

The memorandum of understanding (MOU), which requires the approval of Ontario’s minister of finance, provides a framework for co-operation and information-sharing between the OSC and the AFM.

The agreement aims to support the regulators’ goals of ensuring investor protection, maintaining market confidence and reducing systemic risk.