CMA partners with Financial Services Commission Mauritius

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The Capital Markets Authority and Financial Services Commission Mauritius have signed a deal to strengthen technical cooperation between the two capital market regulators.

CMA Chief Executive, Wyckliffe Shamiah says the initiative reinforces effective cross-border cooperation and information sharing with its African counterparts.

The Cooperation Agreement between Financial Services Commission Mauritius and the Capital Markets Authority is expected to establish a mechanism for strengthening technical exchanges concerning financial regulation between both regulatory authorities.

CMA Chief Executive, Wyckliffe Shamiah says the exchange is expected to increase knowledge and understanding of the laws and regulations in various fields such as financial instruments, market intermediaries, asset management, Fintech and other components of the financial innovation ecosystem.

He further says the technical cooperation will build internal capacity for both regulators through study tours, exchange programmes and secondments.

Commenting on the milestone, Financial Services Commission Mauritius CEO Dhanesswurnath Thakoor, stated that the initiative reinforces their commitment to ensure effective cross-border cooperation and information sharing with its African counterparts.

The Financial Services Commission will also collaborate further with the Capital Markets Authority to reinforce compliance thereby upholding the resilience and sound repute of the financial services sector.

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