On August 20, the UK Financial Services Authority (FSA) and the Commodity Futures Trading Commission announced an agreement designed to strengthen cross-border supervision of the energy futures markets.

The FSA and CFTC stated that they will immediately work together towards implementing strengthened surveillance over U.S.-linked energy contracts including, where appropriate:

  • enhanced direct access rights to trade execution and audit trail data;
  • mutual on-site visits to exchange operators;
  • the sharing of exchange regulations and notices;
  • the sharing of disciplinary notices; and
  • coordination of emergency action.

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