The Securities and Exchange Commission (SEC) has announced it has established supervisory arrangements with financial regulators of the member states of the European Union (EU) and the European Economic Area (EEA) as part of long-term strategy to improve the oversight of certain entities in the asset management industry that operate across national borders, including investment advisors and investment fund managers.

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Memoranda of understanding (MOUs) were concluded with 25 EU and 3 EEA member-state regulators.

The EU member-state regulators with whom the Commission signed MOUs are those from Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden and the United Kingdom.

The EEA signatories to the MOUs are regulators from Iceland, Liechtenstein and Norway.

Additional information about SEC cooperation arrangements with foreign regulators can be found here.

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