The CFTC and the SEC signed the IOSCO "Enhanced Multilateral Memorandum of
Understanding" ("EMMoU"). At the IOSCO
conference in Sydney, Australia, the agencies agreed to new forms
of cooperation to enhance effective enforcement.
The EMMoU is IOSCO's second Multilateral Memorandum of
Understanding. IOSCO launched its first Multilateral Memorandum of
Understanding in 2002, which created a framework for international
information sharing to aid cross-border enforcement investigations.
According to IOSCO, since 2002, there have been changes to the
"complexity, sophistication and size of global financial
markets." New forms of cooperation available under the EMMoU
include the ability to:
