The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission have signed a memorandum of understanding (MoU) to support cross-border activities and regulatory collaboration.
The agreement will allow the regulators to offer assistance and share regulatory data.
Moreover, it will help them collaborate in the supervision of financial institutions with respective securities and derivatives markets laws and regulations.
Through this agreement, the two watchdogs will collaborate on initiatives such as joint training and technical assistance to improve regulatory standards in the two jurisdictions.
FSRA of ADGM CEO Richard Teng said: “The growing economies of both China and the UAE have, and will continue to offer investment opportunities for investors worldwide. As an international financial centre based in the heart of the Middle East, ADGM is committed to provide a well-regulated and strategic platform for companies and investors to access the UAE’s growth and advance their business aspirations in this region.
“With the MOU, we will strengthen regulatory cooperation between both markets to support increasing cross-border activities.”