MEMORANDUM OF UNDERSTANDING 

United States Commodity Futures Trading Commission 

And 

Alberta Securities Commission 

British Columbia Securities Commission 

Ontario Securities Commission 

Autorite des marches financiers 

COOPERATION AND THE EXCHANGE OF INFORMATION 

RELATED TO THE SUPERVISION OF CROSS-BORDER COVERED ENTITIES 

March 25, 2014 
MEMORANDUM OF UNDERSTANDING CONCERNING COOPERATION 

AND THE EXCHANGE OF INFORMATION RELATED TO THE SUPERVISION 

OF CROSS-BORDER COVERED ENTITIES 

In view of the growing globalization of the world's financial markets and the increase in crossborder operations and activities of regulated entities, the United States Commodity Futures Trading 

Commission, the Alberta Securities Commission, the British Columbia Securities Commission, the 

Ontario Securities Commission, and the Autorite des marches financiers (collectively, the 

"Authorities") have reached this Memorandum of Understanding ("MOU") regarding cooperation 

and the exchange of information in the supervision and oversight of regulated entities that operate 

on a cross-border basis in both (i) the United States and (ii) Albe1ia, British Columbia, Ontario, or 

Quebec. This MOU does not preclude information sharing or cooperation with respect to persons 

that are not specifically defined as covered by this MOU but that nonetheless may be subject to 

regulatory requirements in the United States or in Alberta, British Columbia, Ontario, or Quebec. 

The Authorities express, through this MOU, their willingness to cooperate with each other in the 

interest of fulfilling their respective regulatory mandates regarding derivatives and/or securities 

markets particularly in the areas of: protecting investors and customers; fostering the integrity of 

and maintaining confidence in financial markets; and reducing systemic risk. 

ARTICLE ONE: DEFINITIONS 

For purposes of this MOU: 

1. "Authority" means: 

a. In the United States, the Commodity Futures Trading Commission ("CFTC"); or 

b. In Canada, the Alberta Securities Commission ("ASC"), the British Columbia 

Securities Commission ("BCSC"), the Ontario Securities Commission ("OSC"), the 

Autorite des marches financiers ("AMF"), or any other Canadian securities 

regulatory authority or Canadian derivatives authority that may become a patty to 

the MOU in the manner set out in Article Eight (individually, a "Canadian 

Authority", or collectively, the "Canadian Authorities"). 

2. "Requesting Authority" means an Authority making a request under this MOU. 

3. "Requested Authority" means: 

a. Where the Requesting Authority is the CFTC, the Canadian Authority to which a 

request is made under this MOU; or 

b. Where the Requesting Authority is a Canadian Authority, the CFTC. 

4. "Laws and Regulations" means the Commodity Exchange Act, Dodd-Frank Wall Street 

Reform and Consumer Protection Act, CFTC regulations, and other relevant 

requirements in the United States, and the securities acts and regulations applicable in 

the jurisdiction of each Canadian Authority, the Commodity Futures Act (Ontario) and 

related regulations, the Derivatives Act (Quebec) and related regulations, and other 

relevant requirements in Canada and the jurisdiction of each Canadian Authority. 
5. "Person" means a natural person, unincorporated association, partnership, trust, 

investment company, or corporation, and may be a Covered Entity or Cross-Border 

Covered Entity. 

6. "Covered Entity" means a Person that is, or that has applied to be, authorized, 

designated, recognized, qualified, registered, supervised, or overseen by one or more of 

the Authorities pursuant to Laws and Regulations, and may include regulated markets 

and organized trading platforms, central counterpatties, trade repositories, and 

intermediaries, dealers, or other market participants. 

7. "Cross-Border Covered Entity" means: 

a. A Covered Entity of both the CFTC and any one or more of the Canadian 

Authorities; 

b. A Covered Entity in one jurisdiction that has been exempted from authorization, 

designation, recognition, qualification, or registration by an Authority in the other 

jurisdiction; 

c. A Covered Entity in one jurisdiction that controls or is controlled by a Covered 

Entity located in the other jurisdiction; or 

d. A Covered Entity in one jurisdiction that is physically located in the other 

jurisdiction. 

For purposes of this MOU, references to jurisdiction will be determined as either the 

jurisdiction of the CFTC or the jurisdiction of one of the Canadian Authorities. 

8. "Books and Records" means documents, electronic media, and books and records within 

the possession, custody, and control of, and other information about, a Cross-Border 

Covered Entity. 

9. "Emergency Situation" means the occurrence of an event that could materially impair 

the financial or operational condition of a Cross-Border Covered Entity. 

10. "On-Site Visit" means any regulatory visit to the premises of a Cross-Border Covered 

Entity for the purposes of ongoing supervision and oversight including the inspection of 

Books and Records. 

11. "Local Authority" means the Authority in whose jurisdiction a Cross-Border Covered 

Entity that is the subject of an On-Site Visit is physically located. 

12. "Visiting Authority" means the Authority conducting an On-Site Visit. 

13. "Governmental Entity" means: 

a. The U.S. Department of the Treasury or the U.S. Board ofGovemors of the Federal 

Reserve System, if the Requesting Authority is the CFTC; 

b. The Federal Ministry of Finance, ifthe Requesting Authority is the ASC, BCSC, or 

OSC; 

2 
c. The Alberta Ministry of Treasury and Finance, if the Requesting Authority is the 

ASC; 

d. The British Columbia Ministry of Finance, if the Requesting Authority is the BCSC; 

e. The Ontario Ministry of Finance, ifthe Requesting Authority is the OSC; 

f. The Quebec ministere des Finances, if the Requesting Authority is the AMF; and 

g. Such other entity, as agreed to in writing by the signatories, as may be responsible 

for any other Canadian Authority which may become a party to this MOU in the 

manner set out in Atiicle Eight. 

ARTICLE TWO: GENERAL PROVISIONS 

14. This MOU is a statement of intent to consult, cooperate, and exchange information in 

connection with the supervision and oversight of Cross-Border Covered Entities. The 

cooperation and information sharing arrangements under this MOU should be 

interpreted and implemented in a manner that is permitted by, and consistent with, the 

legal requirements applicable to each Authority. With respect to cooperation pursuant 

to this MOU, no domestic secrecy or blocking laws or regulations should prevent an 

Authority from providing assistance to another Authority. The Authorities anticipate 

that cooperation primarily will be achieved through ongoing informal consultations, 

supplemented as needed by more formal cooperation, including through mutual 

assistance in obtaining information related to Cross-Border Covered Entities. The 

provisions of this MOU are intended to support both informal consultations and formal 

cooperation, as well as to facilitate the written exchange of non-public information in 

accordance with applicable laws. 

15. This MOU does not create any legally binding obligations, confer any rights, or 

supersede domestic laws. This MOU does not confer upon any Person the right or 

ability directly or indirectly to obtain, suppress, or exclude any information or to 

challenge the execution of a request for assistance under this MOU. 

16. This MOU is not intended to limit or condition the discretion of an Authority in any way 

in the discharge of its regulatory responsibilities or to prejudice the individual 

responsibilities or autonomy of any Authority. This MOU does not limit an Authority to 

taking solely those measures described herein in fulfillment of its supervisory functions. 

In patiicular, this MOU does not affect any right of any Authority to communicate with, 

conduct an On-Site Visit of (subject to the procedures described in Atiicle Five), or 

obtain information or documents from any Person subject to its jurisdiction that is 

physically located in the jurisdiction of another Authority. 

17. This MOU is intended to complement but does not alter, except where explicitly noted, · 

the terms and conditions of the following existing anangements: 

a. The IOSCO Multilateral Memorandum of Understanding Concerning Consultation 

and Cooperation and the Exchange of Information (revised May 20 12) ("I OS CO 

3 
MMOU"), to which the Authorities are signatories, which covers primarily 

information sharing in the context of enforcement matters; 

b. The Declaration on Cooperation and Supervision of International Futures Markets 

and Clearing Organizations (as amended March 1998) ("Declaration"), to which the 

CFTC, OSC, and Commission des valeurs mobilieres du Quebec ("CVMQ") are 

signatories; 

c. The Jvfemorandum of Understanding between the CFTC and the OSC (July 7, 1992) 

("CFTC-OSC MOU"); 

d. The Memorandum of Understanding between the CFTC and the CVMQ (July 7, 

1992) ("CFTC-CVMQ MOU"); and 

e. The Financial Information Sharing Memorandum of Understanding between the 

CFTC and the OSC, CVMQ, and others (September 23, 1991) ("FISMOU"). 1 

This MOU supersedes the Memorandum of Understanding Concerning Cooperation 

and the Exchange of Information Related to the Supervision of Cross-Border Clearing 

Organizations between the CFTC and the ASC (June 10, 2010) ("CFTC-ASC Clearing 

MOU"), and execution of this MOU serves as notice of termination of the CFTC-ASC 

Clearing MOU. 

18. To facilitate cooperation under this MOU, the Authorities hereby designate contact 

persons as set forth in Appendix A, which may be amended from time to time by an 

Authority transmitting revised contact infmmation to the other Authorities. 

ARTICLE THREE: SCOPE OF SUPERVISORY CONSULTATION, 

COOPERATION, AND EXCHANGE OF INFORMATION 

General 

19. The Authorities recognize the importance of close communication concerning CrossBorder Covered Entities and intend to consult regularly, as appropriate, regarding: 

a. General supervisory issues, including regulatory, oversight, or other related 

developments; 

b. Issues relevant to the operations, activities, and regulation of Cross-Border Covered 

Entities; and 

c. Any other areas of mutual supervisory interest. 

20. The Authorities recognize in particular the importance of close cooperation in the event 

that a Cross-Border Covered Entity, particularly one whose failure likely would be 

systemically impmtant to an Authority, experiences, or is threatened by, a potential 

financial crisis or other Emergency Situation. 

The AMF replaced the CVMQ, acquired the CVMQ's rights, and assumed the CVMQ's obligations under the 

Declaration, the CFTC-CVMQ MOU, and the FISMOU. 

4 
21. Cooperation will be most useful in, but is not limited to, the following circumstances 

where issues of common regulatory concern may arise: 

a. The initial application with the CFTC or a Canadian Authority for authorization, 

designation, recognition, qualification, or registration, or exemption therefrom, by a 

Covered Entity that is authorized, designated, recognized, qualified, or registered by 

an Authority in the other jurisdiction; 

b. The ongoing supervision and oversight of a Cross-Border Covered Entity, including 

compliance with statutory and regulatory requirements in either jurisdiction or with 

international standards; 

c. Regulatory or supervisory actions or approvals taken in relation to a Cross-Border 

Covered Entity by the CFTC or a Canadian Authority that may impact the 

operations of the entity in the jurisdiction of the other Authority; and 

d. The provision and maintenance of direct access to infmmation and data stored in 

Covered Entities that are trade repositories, where such information and data is 

provided by a Covered Entity and maintained pursuant to Laws and Regulations. 

Event-Triggered Notification 

22. As appropriate in the patiicular circumstances, the CFTC or the relevant Canadian 

Authority will endeavor to inform, respectively, the relevant Canadian Authority (or 

Authorities) or the CFTC promptly, and where practicable in advance, of: 

a. Pending regulatory changes that may have a significant impact on the operations, 

activities, or reputation of a Cross-Border Covered Entity, including those that may 

affect the rules or procedures of a Cross-Border Covered Entity; 

b. Any material event of which the Authority is aware that could adversely impact the 

financial or operational stability of a Cross-Border Covered Entity. Such events 

include any known adverse material change in the ownership, operating 

environment, operations, financial resources, management, or systems and controls 

of a Cross-Border Covered Entity, and the failure of a Cross-Border Covered Entity 

to satisfy any of its requirements for continued authorization, designation, 

recognition, qualification, or registration, or exemption therefrom, where that failure 

could have a material adverse effect in the jurisdiction of the other Authority. For a 

Cross-Border Covered Entity that is a central counterpmiy, such events also include 

a default or potential default of a clearing member firm or pmiicipant and market or 

settlement bank difficulties that might adversely affect the central counterparty; 

c. The status of effmis to address any material financial or operating difficulties 

experienced by a Cross-Border Covered Entity as described in Subparagraph b; and 

d. Enforcement actions or sanctions or significant regulatory actions, including the 

revocation, suspension, or modification of relevant authorization, designation, 

recognition, qualification, or registration, or exemption therefrom, concerning a 

Cross-Border Covered Entity. 

23. The determination of what constitutes "significant impact", "material event", "adversely 

impact", "adverse material change", "material adverse effect", "market or settlement 

5 
bank difficulties", "adversely affect", "material financial or operating difficulties", or 

"significant regulatory actions" for purposes of Paragraph 22 shall be left to the 

reasonable discretion of the relevant Authority that determines to notify the other 

Authority. 

Request-Based Information Sharing 

24. To the extent appropriate to supplement informal consultations, upon written request, 

the Requested Authority intends to provide the Requesting Authority the fullest possible 

cooperation subject to the terms in this MOU in assisting the Requesting Authority's 

supervision and oversight of Cross-Border Covered Entities, including assistance in 

obtaining and interpreting information that is relevant to ensuring compliance with the 

Laws and Regulations of the Requesting Authority and that is not otherwise available to 

the Requesting Authority. Such requests shall be made pursuant to Aliicle Four of this 

MOU, and the Authorities anticipate that such requests will be made in a manner that is 

consistent with the goal of minimizing administrative burdens. 

25. The infmmation covered by Paragraph 24 includes: 

a. Infmmation relevant to the fmancial and operational condition of a Cross-Border 

Covered Entity, including, for example, financial resources, risk management, and 

internal control procedures; 

b. Relevant regulatory information and filings that a Cross-Border Covered Entity is 

required to submit to an Authority including, for example, interim and annual 

financial statements and early warning notices; and 

c. Regulatory repmis prepared by an Authority, including, for example, examination 

reports, findings, or information contained in such repmis regarding Cross-Border 

Covered Entities. 

Periodic Meetings 

26. Representatives of the Authorities intend to meet periodically, as appropriate, to update 

each other on their respective functions and regulatory oversight programs and to 

discuss issues of common interest relating to the supervision of Cross-Border Covered 

Entities, including: contingency planning and crisis management, systemic risk 

concerns, default procedures, the adequacy of existing cooperative arrangements, and 

the possible improvement of cooperation and coordination among Authorities. Such 

meetings may be conducted by conference call or on a face-to-face basis, as appropriate. 

ARTICLE FOUR: EXECUTION OF REQUESTS FOR INFORMATION 

27. To the extent possible, a request for infmmation pursuant to Alticle Three should be 

made in writing (which may be transmitted electronically), and addressed to the relevant 

contact person identified in Appendix A. A request generally should specify the 

following: 

a. The information sought by the Requesting Authority; 

6 
b. A general description of the matter that is the subject of the request; 

c. The purpose for which the information is sought; and 

d. The desired time period for reply and, where appropriate, the urgency thereof. 

Information responsive to the request, as well as any subsequent communication among 

Authorities, may be transmitted electronically. Any electronic transmission should use 

means that are appropriately secure in light of the confidentiality of the information 

being transmitted. 

28. In an Emergency Situation, the CFTC and the relevant Canadian Authority or 

Authorities will endeavor to notify the other(s) as soon as possible of the Emergency 

Situation and communicate information as appropriate in the pmiicular circumstances, 

taking into account all relevant factors, including the status of effmts to address the 

Emergency Situation. During an Emergency Situation, requests for information may be 

made in any form, including orally, provided such communication is confirmed in 

writing as promptly as possible following such notification. 

ARTICLE FIVE: ON-SITE VISITS 

29. In fulfilling its supervision and oversight responsibilities and to ensure compliance with 

its Laws and Regulations, the CFTC may need to conduct On-Site Visits to a CrossBorder Covered Entity located in Albe1ta, British Columbia, Ontario, or Quebec, and a 

Canadian Authority may need to conduct On-Site Visits to a Cross-Border Covered 

Entity located in the United States. Each Authority will consult and work 

collaboratively with the Local Authority in conducting an On-Site Visit. 

30. An On-Site Visit by an Authority will be conducted in accordance with the following 

procedure: 

a. The Visiting Authority intends to provide advance notice to the Local Authority of 

its intent to conduct an On-Site Visit and the intended timeframe for, and scope of, 

the On-Site Visit. Other than in exceptional circumstances, the Visiting Authority 

will notify the Local Authority prior to notifying the Cross-Border Covered Entity. 

b. The Local Authority will endeavor to share any relevant repmts, or information 

contained therein, related to examinations it may have unde1taken of the CrossBorder Covered Entity. 

c. The Authorities intend to assist each other regarding On-Site Visits, including 

providing information that is available prior to the On-Site Visit; cooperating and 

consulting in reviewing, interpreting, and analyzing the contents of public and nonpublic Books and Records; and obtaining infmmation from directors and senior 

management of a Cross-Border Covered Entity. 

d. The Authorities will consult with each other, and the Local Authority may in its 

discretion accompany or assist the other Authority during the On-Site Visit, or the 

Authorities may conduct joint visits where appropriate. 

7 
ARTICLE SIX: PERMISSIBLE USES OF INFORMATION 

31. The Requesting Authority may use non-public information obtained under this MOU 

solely for the supervision and oversight of Cross-Border Covered Entities and seeking to 

ensure compliance with the Laws and Regulations of the Requesting Authority. 

32. The Authorities recognize that, while this MOU is not intended to gather information for 

enforcement purposes, subsequently the Authorities may want to use the non-public 

information provided pursuant to this MOU for enforcement purposes. In cases where a 

Requesting Authority seeks to use non-public information obtained pursuant to this 

MOU for enforcement purposes, including in conducting investigations or taking 

enforcement action, treatment ofthe non-public information will be in accordance with 

the use and confidentiality provisions of the IOSCO MMOU. 

33. Before using non-public information furnished under this MOU for any purpose other 

than those stated in Paragraphs 31 and 32, the Requesting Authority must first consult 

with and obtain the consent of the Requested Authority for the intended use. If consent 

is denied by the Requested Authority, the Authorities will consult to discuss the reasons 

for withholding approval of such use and the circumstances, if any, under which the 

intended use by the Requesting Authority might be allowed. 

34. The restrictions in this Aliicle do not apply to an Authority's use of information it 

obtains directly from a Cross-Border Covered Entity, whether during an On-Site Visit or 

otherwise. However, where non-public information is provided to the Requesting 

Authority pursuant to an information-sharing request pursuant to Aliicle Four of this 

MOU, the restrictions in this MOU apply to the use of the information by that 

Requesting Authority. 

ARTICLE SEVEN: CONFIDENTIALITY OF INFORMATION AND ONWARD SHARING 

35. Except as provided in Paragraphs 36 and 37, each Authority will keep confidential, to 

the extent permitted by law, non-public information shared under this MOU, requests 

made under this MOU, the contents of such requests, and any other matters arising 

under this MOU. 

36. As required by law, it may become necessary for a Requesting Authority to share nonpublic information obtained under this MOU with a Governmental Entity in its 

jurisdiction. In such circumstances and to the extent permitted by law: 

a. The Requesting Authority intends to notify the Requested Authority; and 

b. Prior to the Requesting Authority sharing the non-public infmmation, the 

Requesting Authority will provide adequate assurances to the Requested Authority 

concerning the Governmental Entity's use and confidential treatment of the 

information, including, as necessary, assurances that: 

8 
1. The Governmental Entity has confirmed that it requires the information for a 

purpose within the scope of its jurisdiction; and 

n. The information will not be shared by the Governmental Entity with other 

p·mties without getting the prior written consent of the Requested Authority. 

37. Except as provided in Paragraph 36, the Requesting Authority must obtain the prior 

written consent of the Requested Authority before disclosing non-public information 

received under this MOU to any non-signatory to this MOU. The Requested Authority 

will take into account the level of urgency of the request and respond in a timely 

·manner. During an Emergency Situation, consent may be obtained in any form, 

including orally, provided such communication is confirmed in writing as promptly as 

possible following such notification. If consent is denied by the Requested Authority, 

the Requesting and Requested Authorities will consult to discuss the reasons for 

withholding approval of such disclosure and the circumstances, if any, under which the 

intended disclosure by the Requesting Authority might be allowed. 

38. To the extent possible, the Requesting Authority intends to notify the Requested 

Authority of any legally enforceable demand for non-public information furnished under 

this MOU. When complying with the demand, the Requesting Authority intends to 

asse1i all appropriate legal exemptions or privileges with respect to such information as 

may be available. 

39. The Authorities intend that the sharing or disclosure of non-public information, 

including deliberative and consultative materials, such as written analysis, opinions, or 

recommendations relating to non-public information that is prepared by or on behalf of 

an Authority, pursuant to the terms of this MOU, will not constitute a waiver of 

privilege or confidentiality of such non-public infmmation. 

ARTICLE EIGHT: AMENDMENTS 

40. The Authorities will periodically review the functioning and effectiveness of the 

cooperation alTangements between the CFTC and the Canadian Authorities with a view, 

inter alia, to expanding or altering the scope or operation of this MOU should that be 

judged necessary. This MOU may be amended with the written consent of all of the 

Authorities refelTed to in Paragraph 1. 

41. Any Canadian Authority may become a party to this MOU by executing a counterpmi 

hereof together with the CFTC and providing notice of such execution to the other 

Canadian Authorities that are signatories to this MOU. 

ARTICLE NINE: EXECUTION OF MOU 

42. Cooperation in accordance with this MOU will become effective on the date this MOU 

is signed by the Authorities and on the date determined in accordance with applicable 

9 
legislation in the case of the OSC and on the date signed after ministry approval in the 

case of the ASC. 

ARTICLE TEN: TERMINATION 

43. Cooperation in accordance with this MOU will continue until the expiration of30 days 

after any Authority gives written notice to the other Authorities of its intention to 

terminate the MOU. If an Authority gives such notice, the parties will consult 

concerning the disposition of any pending requests. If an agreement cannot be reached 

through consultation, cooperation will continue with respect to all requests for 

assistance that were made under the MOU before the expiration of the 30-day period 

until all requests are fulfilled or the Requesting Authority withdraws such request(s) for 

assistance. In the event of termination of this MOU, information obtained under this 

MOU will continue to be treated in the manner prescribed under A1ticles Six and Seven. 

44. If any Canadian Authority terminates the MOU in accordance with this A1ticle, the 

MOU shall remain effective between the CFTC and the remaining Canadian 

Authorities. 

This MOU is executed in quintuplicate, this __ day of ___ 2014. 

~~· 

Acting 

Mark Wetjen 

Chai1man ~ For the U.S. Co odity Futures Trading 

Commis l f) L 

Date: --1-1+ 

William S. Rice, Q.C. 

Chair and Chief Executive Officer 

For the Albe1ta Securities Commission 

Date: -------

Brenda Leong 

Chair and Chief Executive Officer 

For the British Columbia Securities Commission 

Date: -------

10 

Howard I. Wetston, Q.C. 

Chair 

For the Ontario Securities Commission 

Date: -------

Louis Morisset 

President and Chief Executive Officer 

For the Autorite des marches financiers 

Date: -------
legislation in the case of the OSC and on the date signed after ministry approval in the 

case of the ASC. 

ARTICLE TEN: TERMINATION 

43. Cooperation in accordance with this MOU will continue until the expiration of30 days 

after any Authority gives written notice to the other Authorities of its intention to 

tenninate the MOU. If an Authority gives such notice, the parties will consult 

concerning the disposition of any pending requests. If an agreement cannot be reached 

through consultation, cooperation will continue with respect to all requests for 

assistance that were made under the MOU before the expiration oftbe 30-day period 

until all requests are fulfilled or the Requesting Authority withdraws such request(s) for 

assistance. In the event of termination of this MOU, information obtained under this 

MOU will continue to be treated in the manner prescribed under Articles Six and Seven. 

44. If any Canadian Authority tenninates the MOU in accordance with this Article, the 

MOU shall remain effective between the CFTC and the remaining Canadian 

Authorities. 

This MOU is executed in quintuplicate, this __ day of ____ 2014. 

Mark Wetjen 

Acting Chairman 

For the U.S. Commodity Futures Trading 

Commission 

Date: ----~-

Brenda Leong 

Chair and Chief Executive Officer 

For the British Columbia Securities Commission 

Date: -----------------·· 

10 

Howard I. Welston, Q.C. 

Chair 

For the Ontario Securities Commission 

Date: - --------

Louis Morisset 

President and Chief Executive Officer 

For the Autorite des marches financiers 

Date:·~"---- ---
legislation in the case of the OSC and on the date signed after ministry approval in the 

case of the ASC. 

ARTICLE TEN: TERMINATION 

43. Cooperation in accordance with this MOU will continue until the expiration of 30 days 

after any Authority gives written notice to the other Authorities of its intention to 

terminate the MOU. If an Authority gives such notice, the parties will consult 

concerning the disposition of any pending requests. If an agreement cannot be reached 

through consultation, cooperation will continue with respect to all requests for 

assistance that were made under the MOU before the expiration of the 30-day period 

until all requests are fulfilled or the Requesting Authority withdraws such request(s) for 

assistance. In the event of termination of this MOU, information obtained under this 

MOU will continue to be treated in the manner prescribed under Articles Six and Seven. 

44. If any Canadian Authority terminates the MOU in accordance with this Article, the 

MOU shall remain effective between the CFfC and the remaining Canadian 

Authorities. 

This MOU is executed in quintuplicate, this __ day of 2014. 

Mark Wetjen 

Acting Chairman 

For the U.S. Commodity Futures Trading 

Commission 

Date: ____ _ 

William S. Rice, Q.C. 

Chair and Chief Executive Officer 

For the Alberta Securities Commission 

Date:-------

Chair and Chief Executive Officer 

For the British Columbia Securities Commission 

Date: \ ~ I 3/ IY, 

10 

Howard I. Wetston, Q.C. 

Chair 

For the Ontario Securities Commission 

Date: ______ _ 

Louis Morisset 

President and Chief Executive Officer 

For the Autorite des marches financiers 

Date: ______ _ 
legislation in the case of the OSC and on the date signed after ministry approval in the 

case of the ASC. 

ARTICLE TEN: TERMINATION 

43. Cooperation in accordance with this MOU will continue until the expiration of 30 days 

after any Authority gives written notice to the other Authorities of its intention to 

terminate the MOU. If an Authority gives such notice, the parties will consult 

concerning the disposition of any pending requests. If an agreement cannot be reached 

through consultation, cooperation will continue with respect to all requests for 

assistance that were made under the MOU before the expiration of the 30-day period 

until all requests are fulfilled or the Requesting Authority withdraws such request(s) for 

assistance. In the event of termination of this MOU, information obtained under this 

MOU will continue to be treated in the manner prescribed under Articles Six and Seven. 

44. If any Canadian Authority terminates the MOU in accordance with this Article, the 

MOU shall remain effective between the CFfC and the remaining Canadian 

Authorities. 

This MOU is executed in quintuplicate, this .25u-day of Hw~ 2014. 

MarkWetjen 

Acting Chairman 

For the U.S. Commodity Futures Trading 

Commission 

Date: ____ _ 

WilliamS. Rice, Q.C. 

Chair and Chief Executive Officer 

For the Alberta Securities Commission 

Date: ______ _ 

Brenda Leong 

Chair and Chief Executive Officer 

For the British Columbia Securities Commission 

Date: ______ _ 

10 

For the Ontario Securities Commission 

Date: t'Ytt v vn '2S'. , 2-0'lfLouis Morisset 

President and Chief Executive Officer 

For the Autorite des marches financiers 

Date: ______ _ 
legislation in the case of the OSC and on the date signed after ministry approval in the case 

of the ASC. 

ARTICLE TEN: TERMINATION 

43. Cooperation in accordance with this MOU will continue until the expiration of30 days 

after any Authority gives written notice to the other Authorities of its intention to 

terminate the MOU. If an Authority gives such notice, the parties will consult 

concerning the disposition of any pending requests. If an agreement cannot be reached 

through consultation, cooperation will continue with respect to all requests for 

assistance that were made under the MOU before the expiration of the 30-day period 

until all requests are fulfilled or the Requesting Authority withdraws such request(s) for 

assistance. In the event of termination of this MOU, information obtained under this 

MOU will continue to be treated in the manner prescribed under Articles Six and Seven. 

44. If any Canadian Authority tetminates the MOU in accordance with this A1ticle, the 

MOU shall remain effective between the CFTC and the remaining Canadian 

Authorities. 

This MOU is executed in quintuplicate, this __ day of 2014. 

Mark Wetjen 

Acting Chairman 

For the U.S. Commodity Futures Trading 

Commission 

Date:_· ____ _ 

William S. Rice, Q.C. 

Chair and Chief Executive Officer 

For the Alberta Securities Commission 

Date: ______ _ 

Brenda Leong 

Chair and Chief Executive Officer 

For the British Columbia Securities Commission 

Date: -------

10 

Howard I. Wetston, Q.C. 

Chair 

For the Ontario Securities Commission 

Date: -------

Louis Morisset 

President and Chief Executive Officer 

For the Autmi te des marches financiers 

Date: htJA~ 1-lt , ~~ 4 
Appendix A 

CONTACT PERSONS 

In addition to the follmving contact information, the CFTC and Canadian Authorities will exchange 

confidential emergency contact telephone information. 

COMMODITY FUTURES TRADING COMMISSION 

1155 21 st Street, N.W. 

Washington, DC 

Attention: 

Telephone: 

Fax: 

Email: 

Director, Office of International Affairs 

202-418-5645 

202-418-5548 

sj osephson@cftc.gov 

ALBERTA SECURITIES COMMISSION 

Suite 600, 250-5th Street SW 

Calgary, Alberta 

T2P OR4 

Canada 

Attention: 

Telephone: 

Fax: 

Email: 

General Counsel 

403 297 4698 

403 355 4479 

kari.horn@asc.ca 

BRITISH COLUMBIA SECURITIES COMMISSION 

P.O. Box 10142, Pacific Centre 

701 West Georgia 

Vancouver, BC 

V7Y 1L2 

Canada 

Attention: 

Telephone: 

Fax: 

Email: 

Secretary to the Commission, and 

Executive Director 

604 899 6534 

604 899 6727 

604 899 6506 

commsec@bcsc. bc.ca 

pbourque@bcsc.bc.ca 

11 
ONTARIO SECURITIES COMMISSION 

20 Queen Street West 

2211d Floor, Box C.P. 55 

Toronto, ON M5H 3S8 

Attention: Director (Acting), Office ofDomestic and International Affairs 

Telephone: ( 416) 593-8131 

Email: j bureaud@osc. gov. on 

AUTORITE DES MARCHES FINANCIERS 

800, Square Victoria, 22e etage 

C.P. 246, Tour de la Bourse 

Montreal (Quebec) H4Z 103 

Attention: 

Telephone: 

Fax: 

Corporate Secretary 

(514) 395-0337 ext. 2517 

(514) 864-6381 

Email: anne-marie. beaudoin@lautorite.qc.ca 

12