UAE – Mubasher: The Registration Authority (RA) of the Abu Dhabi Global Market (ADGM) and the Registrar of Companies New Zealand announced they have signed a partnership agreement to boost collaboration in recognition of the increasingly international nature of business.
The agreement aims at improving the exchange of information, expertise, and secondment opportunities between both authorities, according to a press release.
Under the agreement, ADGM Registration Authority and the Registrar will work jointly to enhance operational efficiency and effectiveness of the organisational functions through a mutual legislative framework.
The partnership was signed by CEO of the Registration Authority of ADGM Dhaher bin Dhaher Al Mheiri and Deputy Registrar of Companies, New Zealand Michael Brosnahan.
The two jurisdictions will also exchange views on matters such as developing international standards that affect registries as well as industry trends to improve registries’ services and operations.
Dhaher bin Dhaher Al Mheiri commented: “This new agreement with the Registrar of Companies New Zealand, will help us improve operational efficiency and enhance our offerings as an international financial centre through the mutual exchange of information and best practices.”
“In addition, the agreement will offer the talented workforce in both jurisdictions a unique opportunity to expand expertise and skills and gain exposure to the business environment in New Zealand and the UAE through two-way secondment opportunities,” Al Mheiri added.
In September, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) had published its ‘Guidance for Digital Securities activities in ADGM’ to bolster the development of digital assets within a comprehensive regulatory framework.
