DFSA To Host International Regulators
The Dubai Financial Services Authority (DFSA) will, for the first time, host a
major meeting of international securities regulators in Dubai next week.
DFSA will be hosting the Emerging Markets Committee (EMC) of the International
Organisation of Securities Commissions (IOSCO), which represents more than 90%
of the world’s securities regulators. The EMC is the largest of the IOSCO’s
three main committees, with members representing more than 80 jurisdictions. Over 120 regulators from Africa and the Middle East, Asia, South America and
Eastern Europe are expected to participate in meetings to discuss the status
of IOSCO’s work programme in promoting international standards. These
discussions will be held in private, but a public session on Thursday, 6 December
will discuss challenges for enforcement and key issues for securities market
development in emerging markets. The meeting will be hosted by David Knott, Chief Executive of the DFSA. Attending
will be IOSCO’s international leadership group, which comprises the
Chairman of the Executive Committee, Jane Diplock of New Zealand; the Chairman
of the Technical Committee, Michel Prada of France; and the Chairman of the
Emerging Markets Committee, Meleveetil Damodaran of India. Representatives of
the United State’s Securities and Exchange Commission (SEC) and the UK’s
Financial Services Authority (FSA) will also be in attendance. While in Dubai, regulators will visit the Dubai International Financial Centre
(DIFC) to gain first hand knowledge of its business, regulatory and legal environment. "The Emerging Markets Committee is an important forum for the adoption
and implementation of international standards for capital market regulators
in developing economies and the DFSA is pleased to be hosting in Dubai the Annual
Meeting of IOSCO’s EMC," Knott commented. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.