Memorandum of Understanding
Cross-border regulatory cooperation, is what we are now seeing between the USA – CFTC (Commodity Futures Trading Commission) and the UK – FCA (Financial Conduct Authority). October 6, 2016 – “COOPERATION AND THE EXCHANGE OF INFORMATION IN THE CONTEXT OF SUPERVISING COVERED FIRMS“.
The full document of the Memorandum of Understanding between the CFTC and the FCA can be viewed and downloaded here:
Exchange of Information Between the FCA and the CFTC
The large exchange of internal information between these two regulatory bodies that have been large players in the crackdown on binary options firms that are using indecent practices towards investors is the next step in what may be an international framework regarding binary options markets, brokers and investors.
Without getting into speculation, what we know from this cooperation agreement is that information regarding regulated entities, investor complaints and much more will be now shared between the FCA and CFTC and this may probably supercharge the current crackdown on binary options is the USA and Europe.