The Commission des valeurs mobilières du Québec has signed a Memorandum of Understanding with German securities regulators to ensure co-operation and information-sharing.

The MOU with the Bundesanstalt für Finanzdienstleistungsaufsicht, the authority responsible for ensuring the proper functioning of the securities market in Germany, will allow the regulators to cooperate and share information to ensure: market supervision and surveillance; enforcement of laws and regulatory requirements, including those concerning insider trading and market manipulation; probity of dealers, advisers and other market intermediaries; and, compliance by issuers, senior executives, directors and other market participants.

“Both the German and Québec regulators recognize the growth in international finance activity and wish to equip ourselves to further protect our investors and the integrity of our markets,” Pierre Godin, chair of the CVMQ, said in a statement. “This agreement ensures that we have the means to do so.”

The CVMQ currently has 24 MOUs in force with securities regulators in Canada and around the world.