Kuala Lumpur, 3 December 2010
SC strengthens ties with Qatar Financial Markets Authority
The Securities Commission Malaysia (SC) today entered into a Memorandum of Understanding (MoU) with the Qatar Financial Markets Authority (QFMA)1 which strengthens the relationship between Malaysia and Qatar and fosters closer regulatory ties and cooperation.
The MoU was signed by the SC Chairman, Tan Sri Zarinah Anwar and QFMA Chief Executive Officer, Mr. Nasser Ahmad Al-Shaibi in Kuala Lumpur.
The MOU seeks to strengthen cooperation and develop deeper ties between the capital market regulators of Qatar and Malaysia, and reiterates their commitment to strengthen cross-border enforcement and enhance overall investor protection.
Tan Sri Zarinah Anwar said that “In an increasingly complex financial environment, it is important for regulators to continue to strengthen their cooperative networks through greater information-sharing and collaboration in capacity building”.
SC Chairman Tan Sri Zarinah Anwar and Qatar Financial Markets Authority Chief Executive Officer Nasser Ahmad Al-Shaibi exchange documents after signing a Memorandum of Understanding to strengthen regulatory ties between Malaysia and Qatar in Kuala Lumpur today
Mr. Al-Shaibi said, “The MOU clarifies the importance of the exchange of technical support between the Authorities in matters relating to the regulation of the securities industries. The Authorities will also work together to determine the training and technical needs for the development of the stock markets for both countries, subject to the availability of the appropriate expertise and resources”.
The MoU establishes a framework for assistance and mutual cooperation to facilitate the supervision and enforcement of the respective capital markets in Malaysia and Qatar, the exchange of technical knowledge as well as collaboration in areas of mutual interest between the two regulators.
The SC is committed to strengthening international cooperation in securities regulation and has signed 29 MoUs with its regulatory counterparts since 1994. The SC is also a signatory to the International Organisation of Securities Commission’s Multilateral Memorandum of Understanding, a global information-sharing arrangement among securities regulators.
SECURITIES COMMISSION MALAYSIA
The QFMA was established in 2006 as an independent and regulatory authority responsible for regulating the capital market activities in Qatar, including the Qatar Exchange and the financial services sector.