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Compliance Corner - FSC, Bank of Russia, Abu Dhabi
Editorial Staff
13 June 2018
Bank of Russia, FSC Astana, Abu Dhabi
The Financial Services Commission of Mauritius () and the Central Bank of the Russian Federation () 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.
The Astana Financial Services Authority, the independent regulator of Kazakhstan’s .
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.