The Securities and Futures Commission of Hong Kong and the Abu Dhabi Financial Services Regulatory Authority have strengthened regulatory cooperation in supervising cross-border investment management activities.

The Securities and Futures Commission of Hong Kong and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM) have signed a Memorandum of Understanding to strengthen cooperation in supervising investment managers of collective investment schemes in both jurisdictions. The Memorandum of Understanding establishes a framework for consultation, cooperation, and exchange of information in overseeing regulated entities engaged in cross-border fund management, investment management, or advisory activities. Yesterday, the Chief Executive Officer of the Securities and Futures Commission of Hong Kong, Ms. Ashley Alder, and the Executive Director of Investment Products, Mr. Tse, met with the CEO of ADGM, Emmanuel Givanakis, in Doha, Qatar during the Annual Conference of the International Organization of Securities Commissions and signed the Memorandum of Understanding. Emmanuel Givanakis stated that the Memorandum of Understanding signifies an important step in enhancing regulatory cooperation between ADGM and the Securities and Futures Commission. By strengthening information exchange between the two parties, it not only improves oversight of cross-border fund management, investment, and advisory activities, but also ensures both jurisdictions benefit from greater transparency and more effective regulatory practices. This collaboration promotes mutual trust and strengthens the stability and soundness of both parties' financial markets, enhancing investor protection and reinforcing the global financial ecosystem. Ms. Ashley Alder noted that the Memorandum of Understanding between the Securities and Futures Commission of Hong Kong and ADGM signifies an important milestone in deepening regulatory cooperation between the two entities and enhancing regional market connectivity between Hong Kong and the Middle East. Specifically, the agreement will facilitate industry cooperation across markets in areas such as the delegation of investment functions and fund sales through fund passport schemes, particularly between the Abu Dhabi Global Market and Hong Kong.