Bank of Italy: MoU signed with the Australian Securities and Investments Commission (ASIC)

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(Finance) – The Bank of Italy and the Australian Securities and Investments Commission (ASIC) they signed a Memorandum of Understanding (MoU) to facilitate the performance of the respective functions on the supervised entities.

This MoU, although legally non-binding, defines the framework for effective cooperation and exchange of information between the two authorities for supervisory purposes, including, inter alia, procedures for on-site inspections of supervised entities physically located in the jurisdiction of the other authority.

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