The Commodity Futures Trading Commission (CFTC) and France’s Autorité des marchés financiers (AMF) signed a new agreement to continue collaboration regarding the supervision and oversight of firms that operate on a cross-border basis in the United States and France.

The memo of understanding between the two sides, announced Friday, “establishes a framework for cooperation, contemplates the sharing of information, and provides procedures for examinations of French swap dealers currently registered with the CFTC,” the U.S. agency said in a press release.

The CFTC and AMF have long cooperated regarding their respective regulatory mandates. The new memo is the 10th extant agreement between the two sides since 1990, noted CFTC Commissioner Kristin Johnson in a statement.

Johnson said the memo confirms the CFTC’s ability to 1) seek data directly from French-registered firms and 2) coordinate and execute on-site visits at French-registered entities when needed, among other provisions.

“In light of the global nature of financial markets, the CFTC will only be successful in achieving its regulatory goals with international cooperation,” she said. “… Our interconnected financial systems necessitate fostering dedicated relationships with our partners overseas.”

The CFTC last week announced a new enforcement strategy that will see the agency consider increasing its penalties in certain cases to deter future violations of commodities law and punish repeat offenders.