ADGM, JFSC ink deal

Abu Dhabi / Emirates Business

Abu Dhabi Global Market (ADGM) and Jersey Financial Services Commission (JFSC) are pleased to announce a collaboration agreement to disseminate trends on registries, services and operations in real time to promote growth in both jurisdictions. This new partnership was established during the signing of a statement of co-operation agreement by John Harris, Director General of the JFSC and Jersey Companies Registry and Dhaher Bin Dhaher AL Muhairi, Chief Executive Officer of the Registration Authority of ADGM.
The partnership reinforces ADGM’s commitment, as an international financial cen-tre to enhance and build stronger collaborations with company registries in other jurisdictions. The deal between AD-GM and JFSC is aimed towards attaining
mutually beneficial goals through an exchange of information, views and fostering development in their respective jurisdictions.
Both authorities are committed to providing an environment for the exchange of views and expertise in the area of registering services and operations whilst creating a shared understanding of the legislative, procedural and information technology frameworks in registering companies and other legal entities. Furthermore, both organisations will engage in joint activities and training initiatives that will foster best practice and greater development in both financial markets and services.
Dhaher AL Muhairi, Chief Executive Officer of the Registration Authority of ADGM stated: “One of ADGM’s major strengths is to create a mutual partnership with leading companies registries around the world in order to maintain and share best practices in international standards. This partnership presents a unique opportunity for our employees to develop their skills and share knowledge.”
John Harris, Director General of the JFSC and Jersey Companies Registry added: “We are delighted to enter into this additional landmark agreement with ADGM
that complements our regulatory MOU signed in February 2016.
“We are somewhat uni-que in both being authorities that combine regulatory and registry functions, and as such we can only gain from this mutually beneficial additional partnership combining know-ledge, experience and best practice in the registry field to assist market development.”