The International Organization of Securities Commissions (IOSCO) has published a press release where it states that 52 IOSCO members are now full signatories to the IOSCO Multilateral Memorandum of Understanding concerning Consultation, Cooperation and the Exchange of Information (MMOU).

The MMOU provides a mechanism through which securities regulators share with each other essential investigative material, such as beneficial ownership information, and securities and derivatives transaction records, including bank and brokerage records. It sets out specific requirements for the exchange of information, ensuring that no domestic banking secrecy, blocking laws or regulations prevent the provision of information amongst securities regulators, for effective securities enforcement purposes.

View IOSCO welcomes 50th signatory in fight against cross border market misconduct, (PDF 179KB), 31 March 2009