Japan's financial watchdog said it will sign an agreement to exchange information on securities trades more freely with regulators in other countries.
``As securities transactions are becoming increasingly cross-border, market misconduct also occurs in a cross-border context,'' Japan's regulator said in a release on its Web site today. ``It is vital for securities regulators to co-operate and share information.''
Japan's Financial Services Agency joins 44 other regulators, including those from the U.S. and Britain, in signing the so- called Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information.
By signing, regulators agree to share records to help track securities and derivatives transactions, including details on fund transfers and the identity of parties involved in the transactions.
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