Jersey and Abu Dhabi sign financial collaboration agreement

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Abu Dhabi Global Market (ADGM) and Jersey Financial Services Commission (JFSC) have signed a collaboration agreement to disseminate trends on registries, services and operations in real time to promote growth in both jurisdictions.

ADGM (offices pictured above) said in a statement announcing the deal that the partnership reinforces it’s commitment, as an international financial centre to “enhance and build stronger collaborations with company registries in other jurisdictions”. The agreement between ADGM and JFSC is aimed towards attaining mutually beneficial goals through an exchange of information, views and fostering development in their respective jurisdictions.

Both authorities said that they are 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.

Joint activities

A series of joint activities and training initiatives that will “foster best practice and greater development in both financial markets and services” will also take place.

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 of the Registration Authority of ADGM.

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Gary Robinson

Commercial Director, Head of Video at International Investment.