• Memorandum of Understanding with US CFTC: On 23 December 2015, the Hong Kong Securities and Futures Commission (SFC) announced that it has entered into a memorandum of understanding (MoU) with the US Commodity Futures Trading Commission (CFTC) regarding cooperation and exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and the US. The MoU covers regulated markets and organised trading platforms, central counterparties, intermediaries, dealers and other market participants.