Greek Capital Market Commission inks memorandum of cooperation with Competition Commission

On July 12, 2022, a Memorandum of Cooperation was signed between the Competition Commission and the Capital Markets Commission, by their respective presidents Professor Ioannis Lianos, and Ms. Vassiliki Lazarakou, with the aim of consolidating and strengthening the cooperation between the two Authorities, as well as the development of closer ties.

The Competition Commission being the competent authority and charged with safeguarding the smooth operation of free competition and the Capital Markets Commission as a public supervisory authority responsible for the protection of investors and ensuring the orderly operation of the Greek capital market, agreed through the memorandum to:

• strengthening existing cooperation,
• exchange of know-how and utilization of the experience of the two Authorities, with the aim of benefiting the governed, the economy and the public interest in general, and
• taking comprehensive and effective decisions on the basis of timely and substantial cooperation and exchange of information and opinions in the areas of cooperation of the two authorities.

Joint working groups

Particular importance was given to the creation of joint working groups for the preparation of guidelines, studies and research on matters of common interest, within the framework of the responsibilities of the two Authorities.

The two Authorities agreed, among other things, to undertake information activities to promote policies and strategies to inform economic operators/participants, in matters related to the responsibilities of the two Authorities, for the benefit of society, the economy and the public interest, and also to undertake organization of seminars and other informative activities.