Quebec’s securities regulator, the Autorité des marchés financiers, has signed a co-operation and assistance agreement with regulatory authorities in the United Arab Emirates.

The purpose of the agreement between the AMF and the Emirates Securities and Commodities Authority is to set up and implement a system for mutual assistance and exchange of information between them, to facilitate cross-border supervision, and aid investigations and enforcement.

“The growth in international trading in the financial markets and the need to establish a relationship of co-operation and mutual assistance were the impetus for this agreement,” Jean, St-Gelais, AMF president and CEO, said Tuesday.

“This agreement creates a connection between securities markets in the United Arab Emirates and Quebec, and will enhance the protection of investors and bolster enforcement measures between the two jurisdictions,” added Sultan Bin Saeed Al Mansoori, Minister of Economy of the UAE and chairman of the board of the ESCA.

IE