Wednesday, October 1, 1986
Volume:
2
Issue:
10
Abstract:
On September 23, 1986 the United States and the United Kingdom entered into a Memorandum of Understanding (MOU) which lays the framework for the confidential exchange of information between regulators for the securities and commodities industries in both countries. The increasingly international scope of the securities and commodities industries has greatly increased the need for cooperative arrangements, such as the MOU, if effective enforcement of the legal framework in which the financial markets operate is to be accomplished.