The Capital Market Authority of the United Arab Emirates (UAE CMA) and the Financial Services Commission of Mauritius (FSC Mauritius) inked a Memorandum of Understanding (MoU) to boost institutional cooperation and promote mutual assistance between the two regulatory authorities.
The FSC informed in a press release that the MoU was signed on August 20 by the Chief Executive Officer of the UAE CMA, His Excellency Waleed Saeed Al Awadhi, and the Officer-in-Charge of the FSC Mauritius, Heeraman Jowaheer.
Both authorities have implemented a framework for enhanced cooperation, coordination and information exchange in relation to the surveillance and supervision of securities markets and financial services providers operating in their respective jurisdictions.
Under the MoU, the UAE CMA and the FSC Mauritius will cooperate across areas such as regulatory supervision and surveillance, inspections and investigations, joint regulatory training, as well as exchange of information, knowledge, expertise and best practices, subject to applicable laws and regulations.
H.E. Waleed Saeed Al Awadhi, Chief Executive Officer of the UAE CMA, commented: “As capital markets become increasingly interconnected, effective regulatory cooperation is essential to maintaining market integrity and protecting investors. Our agreement with FSC Mauritius strengthens our ability to share regulatory expertise and coordinate on matters of mutual interest, while supporting more effective supervision across jurisdictions. It also reflects UAE CMA’s commitment to building strong international regulatory partnerships that contribute to resilient, transparent and well-regulated capital markets.”
While the Officer-in-Charge of the FSC Mauritius, Jowaheer, stated: “The signing of this Memorandum of Understanding between the FSC Mauritius and the UAE CMA reflects our shared commitment to strengthening regulatory cooperation and fostering a more connected, unfragmented and resilient financial services sector. Through this partnership, we aim to enhance mutual assistance, facilitate the exchange of information, and support effective regulatory oversight and compliance within our respective jurisdictions.”
