MOU and Data Protection Framework: Luxembourg CSSF and ASIC
ASIC and the Commission de Surveillance du Secteur Financier of Luxembourg (the CSSF) have entered into a memorandum of understanding and a data protection framework in order to cooperate in the oversight of auditors. Given the global nature of capital markets, the CSSF and ASIC recognise the need for mutual cooperation in carrying out their respective auditor oversight responsibilities. The Memorandum of Understanding contains procedures for the exchange of information, including audit working papers and information relating to inspections and allows for other forms of cooperation as required.