For Release: September 13, 2002
THE CFTC AND THE SUPERINTENDENCIA DE VALORES Y SEGUROS DE CHILE
SIGN MEMORANDUM OF UNDERSTANDING
Washington – The US Commodity Futures Trading Commission (CFTC) and the Superintendencia de Valores y Seguros de Chile (SVS), the Chilean commodities regulator, on September 12, 2002, entered into a Memorandum of Understanding regarding futures regulatory cooperation, and the provision of technical assistance (MOU). CFTC Chairman James E. Newsome and Chairman Alvaro Clarke of the SVS signed the MOU at CFTC headquarters in Washington, D.C.
According to the MOU, the CFTC and SVS share the goal of building and maintaining open, efficient and financially sound futures and options markets and recognize that the development of effective domestic legal and regulatory structures is essential to market integrity and investor protection. Further, the CFTC and SVS desire to establish a mutually acceptable basis for cooperation, consultation and the provision of technical assistance.
In commenting on the CFTC’s latest MOU, CFTC Chairman Newsome stated,
“By entering into this MOU our agencies are indicating their commitment to
the importance of market integrity and investor protection. We are pleased to share
our expertise and we look forward to a productive relationship.”
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