The International Organisation of Securities Commissions (IOSCO) has announced that it has achieved its goal of having its eligible membership sign onto, or committed to sign, its Multilateral Memorandum of Understanding concerning Consultation, Cooperation and the Exchange of Information (MMOU). The MMOU, which was published in May 2002, provides a mechanism through which securities regulators share key investigative material, including information on beneficial ownership and securities and derivatives transaction records. The MMOU also sets out specific requirements for information exchange to ensure that domestic banking secrecy laws or regulations do not prevent the sharing of information among securities regulators for enforcement purposes.