The Guernsey Financial Services Commission and the Malta Financial Services Authority have signed a Memorandum of Understanding which provides a framework for closer cooperation between the two regulatory bodies, the GFSC announced on Thursday.
The Memorandum provides a formal basis for cooperation, including the exchange of information and investigative assistance.
Peter Neville, Director General of the Commission, commented: “I am very pleased to have taken this step. I advised Malta on the setting up of its investment service regulation, and I have known the Maltese regulators for many years.”
He added: “This Memorandum of Understanding between the Commission and the Malta Financial Services Authority is another step towards strengthening our relationship, providing a formal basis by which we can cooperate and exchange vital information."
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