INTERNATIONAL: Abu Dhabi Global Market Signs Agreement with the Securities and Exchange Board of India

Thursday August 25 2016

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Securities and Exchange Board of India (SEBI) have signed a Memorandum of Understanding (MoU) to enhance regulatory cooperation and facilitate cross-border activities.

The MoU 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 securities and derivatives markets laws and regulations. The MOU also enables both regulators to include initiatives such as joint training and technical assistance to strengthen the high regulatory standards and practice in both jurisdictions.

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