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UK's FCA and ASIC to strengthen cooperation post-Brexit - Insurance & Risk Professional
The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have announced they have agreed two Memoranda of Understanding to ensure there is continuity once the UK leaves the European Union. The MoUs cover trade repositories and alternative investment funds (AIFs). These agreements will provide reassurance by ensuring arrangements are in place for cross-border cooperation between the FCA and ASIC. The FCA and ASIC also support the continuity of existing equivalence decisions …