sca held talks with market regulators of france luxembourg
Last Updated : GMT 01:55:14
Arab Today, arab today
Arab Today, arab today

SCA held talks with market regulators of France, Luxembourg

Arab Today, arab today

Arab Today, arab today SCA held talks with market regulators of France, Luxembourg

Abu Dhabi - WAM

As part of its responsibilities of developing UAE financial markets to match with the best international practices, a delegation from the Securities and Commodities Authority (SCA), led by its Chief Executive Officer, Abdullah Al-Turifi, has gone on working visit to France and Luxembourg, during which the delegation held series of meetings to discuss issues of mutual interest with top officials of market regulators in the two European countries. The SCA delegation held talks with the chairman of the European Securities Market Authority (ESMA) during which they discussed ways to boost cooperation with ESMA members in the areas of mutual funds and investment management. In a statement, al-Turifi said the aim of the visit is to try and develop more investment tools and products on the local markets to give the markets greater in-depth and boost their performance through the studying and application of successful experiences, the study of regulatory rules governing advanced markets of the world, the best international standards being implemented by these markets and the study of their regulatory frameworks and structures, adding that the SCA has so far registered and licensed 15 national investment funds and that his outfit had issued 679 approvals for promoting foreign investment funds in the UAE, according to latest statistics. During the meeting with ESMA, with the latter's team being led by its chairman, Steven Maijoor, they discussed a number of issues, including the approach ESMA is taking to establish a single rulebook for EU countries, especially for investment funds and investment management, the methodology ESMA adopted to regulate credit rating agencies and ways to cooperate on cross border mutual funds between the UAE and the European Union. At the second meeting in Paris, Al-Turifi held talks with Gerard Rameix, Chairman of the French Financial Market Regulator (AMF). They discussed the progress made by the SCA with regards to new regulations (Mutual Funds, Investment Management, Market-Maker, Short-Selling, Securities Lending and Borrowing ), the possibility of facilitating the distribution of UAE mutual funds in Europe and ways to enhance relations of collaboration between the two authorities on the mutual funds and investment management subjects. In Luxembourg, the SCA delegation held talks with Jean Guill, Chairman of Luxembourg Financial Sector Regulator (CSSF), where their discussions focused on the regulatory organization of Funds and Investment Management in Luxembourg and the strategy adopted to become a hub, the process of registering and approving Funds at the CSSF and the process of surveillance on funds in Luxembourg. They also discussed ways to improve mutual recognition with regards to mutual funds and investment management. The delegation also held a meeting with board members of the Luxembourg Funds Association (ALFI) and a number of large companies representing the industry of mutual funds in Luxembourg. The SCA delegation was briefed about the establishment, organization and purpose of the Association, the benefits of having a funds association, the process of communication between the ALFI and the CSSF. They also discussed best ways for cooperation between the SCA and ALFI in the areas of sharing of information and facilitating the work of Luxembourg companies in the UAE.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sca held talks with market regulators of france luxembourg sca held talks with market regulators of france luxembourg

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sca held talks with market regulators of france luxembourg sca held talks with market regulators of france luxembourg

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday