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SEC and CFTC Enter Historic Memorandum of Understanding, Launch Joint Harmonization Initiative
Last week, the Securities and Exchange Commission (the SEC) and the US Commodity Futures Trading Commission (the CFTC) announced that the two agencies had entered into a new Memorandum of Understanding (the MOU).[1]According to the announcement, the MOU, which supersedes a 2018 MOU, was designed to “provide fair notice to market participants, respect individual liberty, and foster lawful innovation with the minimum effective dose of regulation to enhance U.S. competitiveness in finance.”[2]In co
