SEC and CFTC sign a formal regulatory-harmonization memorandum
Regulation · · Ketju Research
This entry records an official signal, such as a speech or a statement. It does not change the law.
What changed
The SEC and CFTC formalized coordination and information-sharing processes for overlapping regulatory interests, including crypto assets, dual registrants, trading venues, derivatives, funds, data, examinations, and enforcement. The MOU governs agency cooperation and does not itself change a registrant’s substantive obligations.
Who it affects
- SEC and CFTC registrants and dually regulated firms
- Advisers, funds, broker-dealers, FCMs, exchanges, clearinghouses, and market infrastructure providers
What is still open
- Which joint rules, relief, examinations, or data programs will follow
- How the agencies will resolve asset- and product-specific jurisdiction
What it means for an advisor
- Expect more coordinated requests and harmonized initiatives
- Continue complying with each applicable regime until an operative joint or agency action changes it
Previous interpretation
Agency cooperation existed through statements and events without this new comprehensive formal MOU.
Sources
- Memorandum of Understanding Regarding Harmonization in Areas of Common Regulatory Interest · U.S. Securities and Exchange Commission and Commodity Futures Trading Commission · · effective
Version 1, published . Educational analysis, not legal advice.