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 it does not introduce new rules, it establishes a framework for information sharing and joint oversight of investment service providers, advisers, and investment companies. Firms should anticipate more coordinated requests for information and potential joint examinations. Actionable steps: review your regulatory reporting protocols to ensure consistency across both jurisdictions, designate a point of contact for cross-border supervisory inquiries, and update your compliance manuals to reflect the enhanced cooperation.

This MoU reinforces the importance of maintaining robust compliance programs that meet both SEC and AMF standards. Firms with significant US-French operations should consider a gap assessment to identify any discrepancies in their supervisory obligations and prepare for increased regulatory dialogue. Overall, the MoU promotes a more integrated supervisory approach, which can benefit firms through greater predictability, but also demands heightened vigilance and readiness for cross-border regulatory engagement.