Wednesday September 28 2016

News Source: Global Exchanges

Focus: Other

Type: General




The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and Jordan Securities Commission (JSC) signed an agreement (MoU) on 26 September 2016 to enhance regulatory cooperation and foster cross-border activities. The MoU establishes a framework for both Authorities to co-operate on supervisory matters and exchange of information to maintain the stability and well-being of the financial systems in each respective capital market.  

The MoU further establishes a framework for both Authorities to provide assistance, exchange regulatory information and co-operate in supervising and overseeing the compliance of financial institutions with their respective legislations. The agreement enables JSC and FSRA to promote the integrity, efficiency and financial soundness of their markets through effective regulation, robust supervision of cross-border transactions in both jurisdictions.

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