MULTILATERAL MEMORANDUM OF UNDERSTANDING CONCERNING CO-OPERATION IN THE EXCHANGE OF INFORMATION FOR AUDIT OVERSIGHT
On Tuesday June 30, 2015 the MMOU was approved by the IFIAR Membership. The MMOU enables and strengthens the cooperation amongst IFIAR Members. Members can apply to sign the MMOU, and will be subject to an assessment prior to joining the MMOU. The MMOU can be downloaded here.
Warning: Please note that with the entry into force of the EU General Data Protection Regulation (Regulation EU (EU) 2016/679) the examples included in Annex B of the MMOU are outdated
MMOU List of Signatories – Annex A – current signatories 22
| Member | Jurisdiction | Date of Formal Signing |
| Australia Securities and Investments Commission (ASIC) | Australia | April 4, 2017 |
| Comissão de Valores Mobiliários (CVM) | Brazil | April 4, 2017 |
| Canadian Public Accountability Board (CPAB) | Canada | April 4, 2017 |
| Auditors Oversight Authority (AOA) | Cayman Islands | April 4, 2017 |
| Financial Supervisory Commission (FSC) | Chinese Taipei | April 4, 2017 |
| Public Audit Oversight Board (RVDA) | Czech Republic* | April 4, 2017 |
| Dubai Financial Services Authority (DFSA) | Dubai International Financial Centre | April 4, 2017 |
| Haut Conseil du Commissariat aux Comptes (H3C) | France* | April 4, 2017 |
| Gibraltar Financial Services Commission (GFSC) | Gibraltar* | April 4, 2017 |
| Financial Services Agency / Certified Public Accountants & Auditing Oversight Board (FSA/CPAAOB) | Japan | April 4, 2017 |
| Financial Services Commission/ Financial Supervisory Service (FSC/FSS) | Korea | April 4, 2017 |
| The Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania (AAAPVIM) | Lithuania* | April 4, 2017 |
| Commission de Surveillance du Secteur Financier (CSSF) | Luxembourg* | April 4, 2017 |
| Audit Oversight Board Malaysia | Malaysia | April 4, 2017 |
| Dutch Authority for the Financial Markets (AFM) | The Netherlands* | April 4, 2017 |
| Financial Markets Authority (FMA) | New Zealand | April 4, 2017 |
| Finanstilsynet / Financial Supervisory Authority (FSA) | Norway* | June 13, 2019 |
| Úrad pre dohľad nad výkonom auditu (UDVA) | Slovakia* | April 4, 2017 |
| Federal Audit Oversight Authority (FAOA) | Switzerland | April 4, 2017 |
| Public Oversight, Accounting and Auditing Standards Authority (POA) | Turkey | April 4, 2017 |
| Financial Reporting Council (FRC) | United Kingdom* | April 4, 2017 |
| Public Company Accounting Oversight Board (PCAOB) | United States | April 4, 2017 |
The Members marked with an * are EU/EEA Parties. They have informed the other Parties that an EU/EEA Party only enters into a working arrangement for information exchange and shares certain information with non-EU/EEA regulators after – and as long as – the European Commission (EC) declares that regulator adequate for the purposes of Article 47 of Directive 2006/43/EC (see website EC). Since that adequacy assessment is done by the EC before the MMOU is effective between an EU/EEA Party and a non-EU/EEA Party, the requirement is covered by the EU/EEA Parties signing with a non-application clause whereby the MMOU as a whole would not be effective as between an EU/EEA Party and any non-EU/EEA Party that had not been declared adequate by the EC. This means that the MMOU does not apply in relation to ‘non-adequate third country’ Parties regarding information under the scope of Article 47 of the Directive 2006/43/EC. See for more information Annex B – Explanatory Note of the MMOU.
INTERESTED IN JOINING IFIAR’S MMOU?
Please inform the IFIAR Secretariat of your interest and fill in the document below:
- MMOU Application Questionnaire (March 2017)
- Warning: Please note that with the entry into force of the EU General Data Protection Regulation (Regulation EU (EU) 2016/679) the examples included in Annex B of the MMOU are outdated