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August 26, 2008

Mutual recognition arrangement between Australia and the United States

A mutual recognition arrangement between Australia and the United States has been signed by Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, Mr Tony D’Aloisio, Chairman of the Australian Securities and Investments Commission (ASIC), and Mr Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), at a signing ceremony at the SEC’s head office in Washington D.C. (PDF copy of signed arrangement)

The arrangement will provide greater access to U.S. markets for Australian investors, while maintaining strong investor protection and ensuring market integrity. It will also make Australian markets more attractive and accessible to investment from the United States.

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Posted 26th August 2008 by David Jacobson in Corporations Act, Financial Services