INTERNATIONAL: Abu Dhabi Global Market and Egyptian FSA sign MoU to enhance regulatory co-operation

Wednesday November 30 2016

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Egyptian Financial Supervisory Authority (EFSA) signed a Memorandum of Understanding (MoU) to enhance regulatory cooperation and foster cross-border activities.

The MoU establishes a framework for both Authorities to provide mutual assistance, exchange regulatory information and co-operate in the fields of supervision and enforcement matters to uphold high standards in both jurisdictions. The MoU also allows both EFSA and FSRA to discuss and explore join initiatives that enable effective regulation and robust supervision of operators that engage in cross-border operations.

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