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The two associations share a common interest in the development of stable and efficient financial markets in their respective jurisdictions. This agreement will facilitate regular meetings between the staff of the two organisations and the exchange of information between them in key areas including:
Speaking on the occasion, HE Abdullah Al Turaifi, Chief Executive Officer of ESCA, said: “The new agreement is part of the authority’s constant endeavours to develop its regulatory and supervisory initiatives in securities market, benefiting from the available experiences in this regard and helping to raise the bar for further performance in these markets to the highest levels, in the light of the rapid changes in global markets”.
“We are striving to develop mutual cooperation with all concerned parties. This MoU will have an added value on the UAE markets in regulatory, procedural and legislative levels. A number of mutual cooperation’s were included such as; the exchange of experiences, visions and information to further enhance the performance of the local securities markets, according to world’s best practices. Mutual cooperation in other issues related to global securities markets was also included in the MoU”, Al Turaifi added.