Just days after it announced its intention to explore initial agreements on mutual recognition with some of its foreign regulatory counterparts, the Securities and Exchange Commission made good on that promise by beginning talks on the topic with Australian authorities.

SEC Chairman Christopher Cox met with Australian Prime Minister Kevin Rudd on March 29 to begin formal discussions with the Australian Securities and Investment Commission and the Australian Treasury Department to develop a pilot mutual recognition arrangement.


Rudd The SEC said the discussions represent the first step toward a possible bilateral arrangement and will cover potential recognition to allow securities exchanges ...