SEC and Japan Financial Services Agency Announce Terms for Increased Co-operation and Collaboration

31 January 2006

The US Securities and Exchange Commission (SEC) and the Japan Financial Services Agency (JFSA) announced terms for increased co-operation and collaboration. In an exchange of letters, SEC Chairman Christopher Cox and JFSA Commissioner Hirofumi Gomi elaborated the terms establishing the structure of and agenda for an SEC-JFSA dialogue. This increased SEC-JFSA co-operation and collaboration follows discussions that took place early in 2005.

This new dialogue will identify and discuss regulatory issues of common concern, and promote co-operation in the exchange of information in cross-border securities enforcement matters. Topics for discussion in 2006 will be:
 

• accounting and auditing standards;
   
• corporate governance and internal controls;
   
• approaches to facilitating technological advances in securities markets;
   
• cross-border co-operation and information sharing on enforcement matters;
   
• approaches to regulated entities and market intermediaries; and
   
• approaches to self-regulated entities and rating agencies.

  Press release
   

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