On December 22, the Financial Services Agency and the Commissione Nazionale per le Società e la Borsa of Italy (CONSOB) signed a Memorandum of Cooperation (MoC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in Japan and Italy.
This MoC intends to strengthen and facilitate supervisory cooperation through sharing of information between both authorities. The contents of this MoC include information sharing upon request, discussion of issues of common supervisory interest, procedures for on-site visits to regulated entities physically located in the jurisdiction of the other authority, and permissible uses and confidentiality of information shared.
This news item was originally published by the Financial Services Agency (FSA JP). For more information, see the Source Link.