For Release: March 16, 2006
Boca Raton, FL – The US Commodity Futures Trading Commission (CFTC) and the Office of the Agricultural Futures Trading Commission of Thailand (AFTC) today entered into an Understanding Regarding Regulatory Cooperation, Consultation, and the Provision of Technical Assistance (Arrangement). CFTC Chairman Reuben Jeffery III and Secretary-General Chaipat Sahasakul of the AFTC signed the Arrangement at a meeting of international regulators in Boca Raton, Florida.
In signing this document, the CFTC and the AFTC announced their desire to establish a mutually acceptable basis for cooperation, consultation, and the provision of technical assistance. According to the Arrangement, the CFTC and the AFTC jointly commit to maintaining open, fair, efficient, and sound futures and options markets and recognize that the development and maintenance of domestic legal and regulatory structures are essential to market integrity and investor protection.
Chairman Jeffery stated:
“I believe that international cooperation will facilitate the development and effective operation of our increasingly integrated futures and options markets. The CFTC is pleased to offer its assistance to the AFTC in order to effect such an outcome. This Arrangement continues the CFTC’s long standing commitment to developing cooperative arrangements with foreign regulators.”
R. David Gary
Last Updated: March 18, 2007