The Internatational Organization of Securities Commission memorandum of understanding regarding consultation, cooperation and information exchange has been signed by OSC chair David Brown.

It will become effective, subject to the approval of the Ontario Minister of Finance, within 60 days.

The IOSCO MOU recognizes the increasing international activity in the securities and derivatives markets, and the corresponding need for mutual
cooperation among IOSCO members to ensure enforcement of securities laws and regulations, says the OSC.

Moreover, it establishes an international benchmark for cooperation and information-sharing among IOSCO’s 170 members.