CFTC and FSA and will collaborate to strengthen oversight of oil markets
Felix Shipkevich - August 20, 2009The CFTC and FSA will enhance ongoing information sharing agreed to in a 2006 CFTC – FSA arrangement on linked contracts. Where appropriate, they intend to enhance direct access rights to trade execution and audit trail data, share disciplinary and regulatory notices, conduct mutual on-site visits of exchange operators, and consider coordination of emergency actions.
This collaboration could mean regulatory confusion for firms working across borders. Who’s our regulator? What body of law do we have to adhere to?