CFTC and UK Financial Conduct Authority Sign Cooperation Arrangement on Financial Technology Innovation
On February 19, the Commodity Futures Trading Commission and the UK Financial Conduct Authority (FCA) signed the “Cooperation Arrangement on Financial Technology Innovation,” which memorializes the intention of the CFTC and FCA to collaborate and support their respective financial technology (FinTech) initiatives—LabCFTC and FCA Innovate. The arrangement intends to support these FinTech initiatives through an information-sharing arrangement focused on FinTech market trends and developments. In addition, the arrangement, among other things, intends to facilitate referrals of FinTech companies that are interested in entering the others’ market.
The text of the arrangement is available here.
For more information, see “FCA and CFTC Enter Into Cooperation Agreement on FinTech” in the UK Developments section.