DFSA signs MoU with New Zealand Securities Commission

Notes and media contacts

For further information, please contact:

John Gilchrist
Dubai Financial Services Authority
Level 13, The Gate
Tel: +971 (0) 4 362 1662
Fax: +971 (0)4 362 0801

Angharad Irving-Jones / Fayrouz Adi
Dubai Financial Services Authority
Level 13, The Gate
Tel: +971 (0) 4 362 1662
Fax: +971 (0)4 362 0801

The Dubai Financial Services Authority (DFSA) is an independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the Dubai International Financial Centre (DIFC), including asset management, banking, securities trading, Islamic finance, re-insurance, and an international financial exchange. The DFSA has been created using principle-based primary legislation modelled closely on that used in London and New York, and the DFSA regulatory regime operates to standards that meet or exceed those applying in the world's major financial centres.

The Dubai Financial Services Authority (DFSA) is a central component of the DIFC, a new financial centre established to position Dubai as a recognised hub for institutional finance, and the regional gateway for capital and investment to the Middle East.

Mr. David Knott was appointed Chief Executive of the DFSA on June 1, 2005. He is a former Chairman of the Australian Securities and Investment Commission and was Chairman of the Technical Committee of the International Organisation of Securities Commissions (IOSCO).