Financial Regulators in Cyprus and Abu Dhabi Sign MoU on Bilateral Cooperation

The financial regulatory authority in Cyprus (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding (MOU) to enhance mutual cooperation in areas including supervision of financial services business and the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term of relevant regulatory information and oversight.

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Conclusion of this agreement marks a new level of cooperation between the securities market authorities of both countries. The MOU makes provisions for cooperation and information exchange in respect of all entities regulated by the FSRA and the CySEC.

In addition, this partnership reinforces CySEC’s commitment to build stronger collaborations with global financial regulators.

According to the official statement, the key areas of cooperation envisaged in the memorandum are the following: facilitating the exchange of relevant and appropriate information and technical expertise, combating unlawful activaties and market manipulation, insuring transparency of financial market participants, as well as other issues within the competence of both authorities.

The agreement also constitutes a framework for CySEC and FSRA to conduct investigations of potential violations of the legislation regarding the securities market.