Hong Kong's Securities and Futures Commission signed a memorandum of understanding with Germany's financial regulatory authority, Bundesanstalt für Finanzdienstleistungsaufsicht, to enhance supervision of cross-border regulated entities.
The agreement allows the two regulators to cooperate with each other in the interest of fulfilling their mandates. The two will cooperate and exchange information on the supervision and oversight of cross-border regulated entities in Hong Kong and Germany.
