The Memorandum of Understanding (MoU) establishes a framework for cooperation between the Office of Fair Trading (the OFT) and the Financial Services Authority (the FSA)for financial services. It sets out the role of each authority, and explains how they work together.
Its aim is to lay out procedures for discussing matters of common interest, to regularise joint meetings, generally facilitate contact and discussion and to prevent duplication of work. It is intended also to provide terms of reference for a rolling Joint Working Framework, an operational document that will set out specific joint initiatives within a given time period.
Its aim is to lay out procedures for discussing matters of common interest, to regularise joint meetings, generally facilitate contact and discussion and to prevent duplication of work. It is intended also to provide terms of reference for a rolling Joint Working Framework, an operational document that will set out specific joint initiatives within a given time period.
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