The Ontario Securities Commission, the Autorité des marchés financiers, the Alberta Securities Commission and the British Columbia Securities Commission (BCSC) on Thursday announced they have signed a co-operation agreement with the Gibraltar Financial Services Commission, enabling cross-border oversight of alternative fund managers, such as hedge fund managers.

The purpose of the agreement is to “facilitate consultation, co-operation and the exchange of information” for supervising hedge funds and other alternative managers that operate in both Gibraltar, a British Overseas Territory on Spain;s south coast and one of the four provinces, the regulators say in an announcement.