Compliance
Compliance Corner - FSC, Bank of Russia, Abu Dhabi
The latest compliance issues in wealth management across the UK, Europe, Middle East and Africa.
Bank of Russia, FSC
The Financial Services Commission of Mauritius (FSC) and the Central Bank of the
Russian Federation (Bank of Russia)
have entered into a Memorandum of Understanding (MoU).
The MoU signed between the FSC and the Bank of Russia establishes
a strategy of mutual assistance and exchange of information
between both financial authorities.
This MoU will also help promote an efficient collaborative
network between both jurisdictions, by enhancing the supervision
of cross-border transactions in the fields of financial markets,
insurance and pensions.
Astana, Abu Dhabi
The Astana Financial Services Authority, the independent
regulator of Kazakhstan’s
Astana International Financial Centre, has signed a
co-operation agreement with the Abu Dhabi
Global Market.
The pact seeks to achieve “mutual understanding of the
legislative, procedural and information technology frameworks in
their respective jurisdictions in the area of registering
companies and other legal entities”. The organisations have
agreed to help each other and share ‘best practice’ ideas to grow
and protect their relative authorities.
