Bilateral MOUs

ESCA is keen to enter into mutual cooperation agreements with peer federal regulatory institutions of other countries looking at the increased interest and participation of foreign investors in the UAE securities and commodities markets. In view of this, ESCA initiated contacts with other regulatory institutions and till date, it has entered into Bilateral Memoranda of Understanding with the regulators of the following countries:

• Capital Markets Board of Turkey - 13/10/2010
• The International Centre For Financial Regulation (“ICFR”) - 14/06/2010
• The Irish Financial Services Regulatory Authority - 07/06/2010
• Autorité Des Marchés Financiers (Québec, Canada) - 08/06/2010
• Comisión Nacional Del Mercado De Valores (CNMV) Of Spain 13/04/2010
• Palestine Capital Market Authority 21/12/2009
• Central Bank of Lebanon (Banking Control Commission of Lebanon) 18/11/2009
• Federal Financial Markets in Russia 31/3/2009
• Financial Services Authority in United Kingdom 3/3/2009
• Authority of French Markets 7/4/2009
• Centre for Coordination and Control Over Functioning of Securities Market under the State Property Committee of the Republice of Uzbekistan (CSM) - 17/03/2008
• Federal Financial Supervisory (BAFIN) - Germany 10-02-2008
• New Zealand Securities Commission 09-12-2007
• ISLE of Man Financial Supervision Commission 28-11-2007
• Cass Business School, U.K 29-10-2007
• State Securities Commission, Vietnam (SSC) 04-09-2007
• Securities and Ecxchange Commission, Thailand (SEC) 16-07-2007
• Korea Financial Supervisory Commission 22-05-2007
• Financial Services Board, South Africa 11-04-2007
• Securities and Exchange Board of India, India 26-03-2007
• Capital Market Authority, Oman 29-01-2007
• Syrian Commission on Financial Markets and Securities 19-12-2006
• China Securities Regulatory Commission 06-12-2006
• Dubai Gold and Commodities Exchange U.A.E 05-07-2006
• Hawkameh Institute U.A.E 03-07-2006
• Securities Comission of Tunis / Conseil Du Marche' Financier 05-06-2006
• le Conseil Déontologique des Valeurs Mobilières (CDVM)/ Morroco 05-06-2006
• Commission d’Organisation et de Surveillance des opérations de Bourse/ Algeira 01-05-2006
• Jordan Securities Commision 04-04-2006
• Capital Market Authority,Egypt 20-03-2006
• Dubai Finicial Services 27-09-2005
• Monetary Authority of Singapore 14-08-2005
• Australia 14-03-2005
• Securities Commission of Malaysia 05-01-2005

Apart from the signing of the Memoranda with the regulators of these countries, ESCA has also established a relationship of mutual cooperation and assistance with Dubai Financial Services Authority (DFSA), the regulator of Dubai International Financial Centre (DIFC) which is a geographically demarcated international financial centre located within Dubai, UAE and providing investment opportunities to foreign institutional investors.

ESCA regulates the commodities futures exchange in Dubai, the Dubai Gold & Commodities Exchange (DGCX) as an SRO under a Memorandum of Agreement.

Moreover, ESCA has also signed a Memorandum of Understanding with Institute of Corporate Governance (Hawkamah) in Dubai to cooperate in order to enhance the standards of Corporate Governance in the region.

ESCA has a Confidentiality Agreement with the Chicago Futures and Trade Commission (CFTC), the commodities markets regulator in USA for the purposes of sharing information for regulatory purposes.

Recently, ESCA has been admitted as an associate member of the Islamic Financial Services Board of Malaysia (www.ifsb.org)