SEC - 2026 - MoU on consultation, cooperation and the exchange of information related to the supervision and oversight of certain investment service providers, investment advisers, and investment companies

While this is not new rulemaking, it formalises and modernises the channel through which the two regulators will share supervisory intelligence — meaning French and US-facing firms should expect faster, more routine cross-border dialogue about their operations. For compliance teams, the practical risk is not a new obligation but heightened visibility: examination findings, books-and-records requests, marketing practices and outsourcing arrangements may now be shared more readily between Paris and Washington. Firms with dual authorisation, US-domiciled clients or sub-advisory relationships should map which entities fall within scope of the MoU definition, confirm data-transfer and confidentiality safeguards (including GDPR considerations) are fit for purpose, and brief senior management on the increased likelihood of coordinated supervisory enquiries.

Update your regulatory change log and cross-border request-handling procedures, and verify that escalation routes to legal and group compliance are documented. The framework also creates opportunity: a clearer cooperation channel can reduce friction in authorisation, delegation and cross-border distribution processes, and supports firms expanding between the EU and US markets. RegCanary assesses impact as moderate and urgency as low — no immediate action deadline, but proactive gap analysis is advisable within the current supervisory cycle.