The Registration Authority (RA) of the Abu Dhabi Global Market (ADGM) has signed an agreement with the Australian Securities and Investments Commission (Asic) to strengthen collaboration between the two entities.
The partnership is set to “streamline company registration” and improve the exchange of information in both jurisdictions.
As part of the agreement, the ADGM Registration Authority and Asic will work together on best practice and industry views to improve the performances of both jurisdictions’ financial services sector.
Dhaher bin Dhaher Almheiri, chief executive of RA, said: “We continuously aim to bolster our cross-border activity through strategic partnerships with leading international entities to position ADGM as a leading international financial centre. Such partnerships help us to offer our companies and entrepreneurs a robust, innovative and global ecosystem.”
James Shipton, Asic’s chair, said: “Asic constantly works to improve efficiency and strengthen cooperation with our international counterparts.
“National regulators need to work together to respond to companies operating globally and to money flowing between countries.
“When we provide mutual assistance to each other and exchange views and information, this helps Asic to achieve its vision for a fair, strong and efficient financial system for all Australians”.
