Cooperation Agreement Fca
On 26 June 2018, the ACF published a list of third-country supervisory authorities with which it has concluded cooperation agreements meeting the requirements set out in Article 32(2) of Commission Delegated Regulation (EU) 2017/565 supplementing MiFID II as regards the organisational requirements and operating conditions of investment firms (also known as MiFID II Org). The objective of this Agreement is to create a framework for cooperation and referral between the functions of each authority, as well as the way in which regulators intend to exchange and use information on innovation in their respective markets. The agreement also aims to expand into each other`s markets and facilitates the introduction between fintech companies in each jurisdiction. As for list linking, www.fca.org.uk/publication/corporate/outsourcing-portfolio-management-list-cooperation-agreements-2018.pdf The agreements begin with the completion of the transitional period for Brexit, which expires on 31 December 2020. The second MoU, initially signed in 2013, provides a framework for the supervision of cooperation and exchange of information in the supervision of covered firms operating in the alternative investment fund sector. The updates ensure that covered companies, including investment advisors, fund managers and private funds, “can continue to operate across borders without interruption” in the event of a withdrawal. The UK and Dutch financial supervisory authorities have agreed to cooperate more closely to protect and improve the integrity and stability of both countries` financial systems. At a meeting on the 3rd.