Egypt’s financial regulator has signed on Tuesday a Memorandum of Understanding (MOU) with its Ukrainian counterpart – which is member in the International Organization of Securities Commissions (IOSCO) – at the aim of exchanging information related to anti-violations of capital market laws.
The MOU signed between the Egyptian Financial Supervisory Authority (EFSA) and the National Commission for Securities and the Stock Market of Ukraine (NCSSM) which is considered a framework for international cooperation in exchanging information concerned with ways of consultation, cooperation and exchanging of information in order to tighten supervision on capital markets.
The IOSCO Multilateral Memorandum of Understanding (MMOU) is aiming to extend cooperation and to exchange information among capital market authorities all over the world. It sets a new international benchmark for cross-border co-operation critical to combating violations of securities and derivatives laws.
