The European Securities and Markets Authority has approved seven
further framework agreements for co-operation arrangements between
European Union securities regulators and global counterparts with
responsibility for oversight of alternative investment funds
including hedge funds, private equity and real estate funds.
ESMA's Board of Supervisors has approved additional
memorandums of understanding with regulators from five countries,
including the US Commodity Futures Trading Commission, ahead of the
introduction of the Alternative Investment Fund Managers Directive,
which took effect on Monday, July 22.
ESMA has now negotiated a total of 38 co-operation agreements on
behalf of the 31 EU and European Economic Area national regulators
responsible for securities markets supervision, after approving 31
MoUs in May. The agreements provide for the exchange of
information, cross-border on-site visits and mutual assistance in
the enforcement of each jurisdiction's
