Abu Dhabi, UAE: The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Securities and Futures Commission (SFC) of Hong Kong have signed a Memorandum of Understanding (MoU) aimed at enhancing regulatory cooperation in overseeing investment managers for collective investment schemes based in both regions.

The MoU was officially signed during the annual general meeting of the International Organisation of Securities Commissions (IOSCO), which took place in Doha, Qatar. Key figures involved in the signing included Ms. Julia Leung, Chief Executive Officer of the SFC, Ms. Christina Choi, Executive Director of Investment Products at the SFC, and Mr. Emmanuel Givanakis, Chief Executive Officer of the FSRA.

This agreement establishes a framework for consultation, cooperation, and information exchange related to the supervision and oversight of regulated entities engaged in cross-border fund management, investment management, or advisory activities.

Ms. Leung expressed that the MoU represents a significant milestone in enhancing connectivity between the financial markets of Hong Kong and the Middle East. She noted that the agreement will facilitate cross-market industry collaborations between ADGM and Hong Kong, particularly regarding investment delegation and fund offerings structured through a master-feeder arrangement.

Emmanuel Givanakis, CEO of ADGM’s FSRA, commented that this MoU is a vital step in strengthening regulatory collaboration with the SFC. He emphasized that by improving the exchange of information between the two authorities, they are enhancing oversight of cross-border fund management and investment activities. Givanakis highlighted that this partnership promotes greater transparency and effective regulatory practices, fostering mutual trust and reinforcing the integrity of financial markets.

ADGM is the international financial center (IFC) of Abu Dhabi, which commenced operations on October 21, 2015. It plays a crucial role in augmenting Abu Dhabi’s status as a prominent financial hub, connecting the growing economies of the Middle East, Africa, South Asia, and beyond.

Operating within an international regulatory framework based on English Common Law, ADGM manages Al Maryah Island and Al Reem Island, which together form the financial free zone of Abu Dhabi. Recognized as one of the leading IFCs in the Middle East and Africa, ADGM supports a progressive business ecosystem that encourages growth and resilience for global financial and non-financial institutions.