The SFC and ADGM's FSRA signed a Memorandum of Understanding ("MoU") to enhance regulatory cooperation on supervision of cross-border investment management activity. This agreement fosters mutual trust, improves oversight, and promotes investor protection. The signing took place during the annual general meeting of the International Organization of Securities Commissions in Doha.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On May 15, 2025, the Securities and Futures Commission ("SFC") and the Financial Services Regulatory Authority ("FSRA") of ADGM entered into a Memorandum of Understanding ("MoU") to enhance cross-border cooperation in supervising investment managers of collective investment schemes.
The MoU establishes a framework for consultation, cooperation, and the exchange of information, with a specific focus on the supervision and oversight of regulated entities engaged in fund management, investment management, or advisory services on a cross-border basis.
Mr. Emmanuel Givanakis, CEO of ADGM FSRA, highlighted the significance of the MoU in strengthening regulatory cooperation with the SFC, enhancing information exchange, and promoting greater transparency and effective regulatory practices.
Ms. Leung, CEO of SFC, underscored that the MoU facilitates cross-market industry collaborations between ADGM and Hong Kong, particularly in investment delegation and fund offerings through master-feeder structures.
ADGM, the international financial center of Abu Dhabi, was established on October 21, 2015, and operates within an international regulatory framework based on English Common Law, ranking it among the top financial centers in the Middle East and Africa.
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