Cross-Border & Passport
Supervisory Cooperation
Formal arrangements between NCAs (and with non-EU regulators) for sharing supervisory information and coordinating action.
Definition
Supervisory cooperation includes intra-EU NCA cooperation under ESMA convergence, bilateral memoranda with non-EU regulators (FCA, FINMA, SFC, MAS, etc.), and information-sharing for cross-border investigations. Underpins effective supervision of cross-border crypto-asset business.