Cayman and Brazilian regulators sign memorandum

The Cayman Islands Monetary Authority (CIMA) and the Brazilian Securities and Exchange Commission (CVM) signed a memorandum of understanding on 6 March 2009.

The principal purpose of the memorandum is to provide assistance and cooperation between the two regulatory bodies when the need arises. An agreement has been in place between CIMA and the Central Bank of Brazil since February 1999 and was revised in March 2006.

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