The Dubai Financial Services Authority (DFSA) and Hong Kong’s Securities and Futures Commission (SFC) have signed a Memorandum of Understanding (MoU) to enhance regulatory cooperation on the supervision of collective investment scheme managers operating across both markets.
The agreement, formalised during the 10th Belt and Road Summit in Hong Kong, aims to improve compliance, governance, and alignment of regulatory standards. It was signed by DFSA Chief Executive Mark Steward and SFC Chief Executive Officer Julia Leung, in a ceremony officiated by Hong Kong SAR Chief Executive John KC Lee.
The MoU sets out a framework for consultation, cooperation, and information exchange to strengthen oversight of cross-border investment management and advisory activities. It follows a year of joint efforts, including high-level meetings and a co-hosted roundtable with leading asset managers in Hong Kong.
Steward said the partnership will allow firms to operate with “confidence and integrity” while reinforcing global capital mobility. Leung highlighted the agreement as a step toward deeper regional connectivity and long-term benefits for both Hong Kong and Dubai’s DIFC as financial hubs.
News Source: Emirates News Agency
