MEMORANDUM OF UNDERSTANDING BETWEENJune 30th, 2021
FiledJune 30th, 2021Memorandum of Understanding between the HM Treasury and the Monetary Authority of Singaporeon Financial Services Regulatory Cooperation Paragraph 1 Purpose 1. This Memorandum of Understanding (“MOU”) is a statement of intent to share information and to work towards promoting regulatory cooperation between the HM Treasury and the Monetary Authority of Singapore in connection with their respective responsibilities under the laws which cover financial services in their respective jurisdictions to the extent consistent with and permitted by their domestic law. 2. This MOU does not create or alter any legally binding obligations, confer any enforceable rights, or supersede domestic law. This MOU does not affect any arrangements under other MOUs or agreements. For the avoidance of doubt, this MOU does not affect the right of either Participant to adopt or maintain its own appropriate level of business and market conduct measures, and measures for prudential reasons1. 3. For the purposes of t