SFC signs Canada deal

The Securities and Futures Commission (SFC) has signed a memorandum of understanding with the Ontario Securities Commission.

The agreement, signed by SFC chairman Anthony Neoh and chairman of the Canadian watchdog John Geller at an International Organisation of Securities Commissions meeting in Mexico City on Tuesday, establishes a framework for mutual assistance and exchange of information between the two authorities.

The memorandum with the Canadian regulator is the 15th such agreement the SFC has signed with world securities and futures regulators.

The agreement has still to be ratified before it takes effect.