EU and Swiss Securities Regulators to Cooperate on Cross-Border Supervision of Alternative Investment Funds

Summary: On December 3, 2012, the European Securities and Markets Authority (ESMA) approved cooperation arrangements between the Swiss Financial Market Supervisory Authority (FINMA) and the European Union Securities Regulators for the supervision of alternative investment funds. ESMA negotiated the agreement (Cooperation Agreement) with FINMA on behalf of all 27 EU Supervisory Authorities.