SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers

For compliance teams, this signals closer cross-border oversight and a higher likelihood of coordinated information requests between US and French regulators. Firms with dual US-French operations, clients, or service relationships should map their cross-border supervisory exposure and review data-sharing and regulatory notification procedures. Actionable steps include updating cross-border compliance policies, documenting supervisory contacts, training relevant staff on information-sharing protocols, and monitoring for follow-up guidance from either authority.

While the MOU does not create immediate new rules, it may reduce duplication in some areas while increasing scrutiny where regulatory interests converge. RegCanary assesses the impact as moderate, with low immediate urgency but medium strategic risk. Firms should treat the MOU as a prompt to validate the robustness of their cross-border governance and record-keeping.