News
The SEC and France’s AMF said they entered a supervisory memorandum of understanding to support consultation and information-sharing on cross-border oversight.
The U.S. Securities and Exchange Commission and France’s Autorité des Marchés Financiers said on Oct. 20, 2026, that they entered into a memorandum of understanding designed to facilitate consultation and information-sharing in the supervision of investment advisers and investment service providers, according to the SEC’s announcement.
Evidence and context
The announcement adds to an existing framework of SEC-France regulatory cooperation. The AMF and U.S. regulators have previously signed arrangements covering cross-border supervision and derivatives oversight, including SEC-approved French substituted compliance arrangements announced in July 2021, and an AMF-CFTC memorandum of understanding announced in October 2023, according to the materials provided.
Background material reviewed for this report says the supervisory memorandum of understanding is intended to cover French credit institutions and investment firms that are, or have applied to become, SEC-registered security-based swap dealers or major security-based swap participants. It provides for consultation, information sharing, access to books and records, and coordinated on-site inspections. The same background material says the MOU does not create legally binding obligations and does not supersede domestic law.
The available source text does not include the full scope, implementation details, or effective date beyond the Oct. 20, 2026 announcement. No market data was provided, and no tradable security or token was specified for pricing context.
