DFSA Becomes Member of IOSCO
DFSA made Associate Member of the world’s leading body of international Securities regulators
Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre, has been made an Associate Member of the International Organisation of Securities Commissions (IOSCO), the world’s leading body of Securities Regulators.
Commenting on the membership, Dr Habib Al Mulla said:
“Since its inception, the DFSA has striven to bring world Class standards of Regulation in the DIFC and to be the leading international financial center in the Middle East. I am delighted that IOSCO has decided to accept our application for membership. I look forward to participating fully in IOSCO’s programme of promoting the highest standards of Regulation and governance the world’s Securities markets. By implementing such recognized international standards, the DFSA will foster in the DIFC the kind of fair, transparent and efficient environment that will attract quality participants from recognized international financial markets."
David King, Acting Chief Executive of the DFSA added:
“Over the past two years, the DFSA has created a world Class regulatory framework drawing on best practice from around the world’s leading jurisdictions. We have always considered membership of IOSCO as being an important milestone for our project and we are delighted to be joining the community of leading Securities Regulators.”
IOSCO is the world’s primary forum for international co-operation for Securities regulatory agencies. It is also the recognised international standard setter for Securities markets.