ADGM: SCA signs MoU with ADGM Registration Authority enabling entities to list on UAE markets
The Abu Dhabi Global Market ('ADGM') announced, on 5 October 2021, that the Securities and Commodities Authority ('SCA') had signed a Memorandum of Understanding ('MoU') with the Registration Authority of the ADGM enabling ADGM-registered entities to offer and list shares on UAE capital markets. In particular, the MoU aims to ease access to UAE markets and encourage new listings, as well as reinforce regulatory and supervisory cooperation between the two authorities.
Notably, the ADGM notes that both authorities will cooperate on monitoring the trading and ownership of the entities' listed, as well as the detection of illegal and fraudulent activities to safeguard against money laundering, terrorist financing, and financing of illegal organisations.
You can read the press release here.