Understanding between "Capital Market Authority" and"Securities in Hong Kong" To enhance cooperation in the field of digital assets
Abu Dhabi, 28 January / WAM / The Capital Market Authority signed a memorandum of understanding with the Securities and Futures Authority in Hong Kong, with the aim of enhancing regulatory cooperation in the field of regulating digital asset activities.
According to a press release issued today, the memorandum of understanding was signed on the sidelines of participation in the Asian Financial Forum held in Hong Kong.
The memorandum of understanding represents an important step in the Authority’s participation in the forum, as it reflects its pivotal role and effective contribution in shaping the international dialogue on regulating financial activities emerging across borders.
Under the MoU, the two bodies will establish a framework for cooperation in the field of supervision and regulation, including consultation and exchange of insights and information, with the aim of supporting effective supervision of regulated entities in the digital assets sector across various countries and jurisdictions.
The memorandum reflects the commitment of both sides to adopt a regulatory approach that complies with international standards and promotes responsible innovation, while maintaining the integrity of markets and protecting investors.
The memorandum of understanding was signed by His Excellency Waleed Saeed Al Awadhi, CEO of the Capital Market Authority, and Julia Leong, CEO of the Securities and Futures Authority, in the presence of a number of senior officials from both sides.
His Excellency Walid Saeed Al-Awadhi, CEO of the Capital Market Authority, said that the memorandum of understanding with the Securities and Futures Authority in Hong Kong enhances our cooperation and joint efforts in the field of supervision and regulation of digital asset activities, and also establishes clear channels and mechanisms for consultation and exchange of visions and information, in a way that supports effective supervision in the international market environment.
He added: We intend to work together to achieve our common goal of enabling responsible innovation, enhancing market integrity and protecting investors.
For her part, Ms. Julia Leung, CEO of the Securities and Futures Authority, said: We are witnessing the growth of ties and coordination in the field of supervision and regulation between the Securities and Futures Authority in Hong Kong and the Capital Market Authority in the Emirates, expanding from mutual recognition of funds between the two sides to cooperation in supervising entities working in digital assets.
She added that this memorandum contributes to supporting responsible financial innovation in both Hong Kong and the UAE, in addition to promoting the sustainable growth of the thriving and safe digital assets ecosystem in Hong Kong.
The Capital Market Authority’s participation in the Asian Financial Forum witnessed a series of high-level meetings over two days, which highlighted the Authority’s role as an effective and influential regulatory partner in the global dialogue on capital markets.
In parallel with the signing of the memorandum, the Capital Market Authority and the Securities and Futures Authority held a special dialogue session for CEOs of asset management companies, headed by His Excellency Walid Saeed Al-Awadhi and Ms. Julia Leung, with the participation of a number of senior executives from both sides, along with representatives of leading global asset management companies.
The session discussed ways to deepen cooperation in the asset management sector between the UAE and Hong Kong, enhance interconnection between international markets, and benefit from the current framework for mutual recognition of funds between the two sides.
The Authority also witnessed an active presence in a number of specialized sessions and events, including leading some sessions, the most prominent of which was a dialogue session on digital assets, and a specialized symposium on asset management, which were organized in cooperation with the Securities and Futures Authority in Hong Kong.
These events brought together high-level officials from the two regulatory bodies, along with CEOs and leaders from licensed virtual asset trading platforms, academic institutions, technology companies, and asset management companies operating in Hong Kong, which confirmed the depth of the authority’s contribution to the fields of digital assets and asset management.
The forum’s discussions focused on regulatory developments, frameworks compatible with international standards, and practical mechanisms and paths to facilitate access to markets across borders, reflecting shared priorities related to market integrity, investor protection, and achieving sustainable growth.
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