For this purpose, the Agency cooperates closely with national regulatory authorities, the European Securities and Markets Authority (ESMA), the competent financial market authorities of the Member States and, where appropriate, national competition authorities. The Agency may also establish strong links with major organised market places and may engage in international cooperation.
Whilst the MoU with NRAs is a multilateral one, the MoUs with organised market places are bilateral. The purpose of the MoUs with organised market places is to set out the content and procedures for the cooperation between the Agency and organised market places on issues related to market monitoring under REMIT. By December 2013, the Agency had signed MoUs with eight organised market places across the Union.