DFSA signs FinTech agreements with Hong Kong authorities

The Dubai Financial Services Authority (DFSA) deepened ties with regulators in Hong Kong today signing two cooperation agreements to enhance collaboration in financial technology (FinTech) innovation. The agreements reinforce the existing strong relationship between the authorities in the two markets, which cooperate in the regulation of the financial services sector and FinTech businesses.

The DFSA signed bilateral agreements with Hong Kong’s Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA), in Hong Kong. Under the terms of each agreement, the authorities will cooperate on information sharing and referrals of innovative businesses. The agreement with the HKMA extends to collaborating on joint innovation projects.

The agreements follow the signing of a similar cooperation agreement between the DFSA and Hong Kong’s Securities and Futures Commission in August. It means that the DFSA now has agreements in place with all three financial counterparts in the Special Administrative Region.