The Emirates Securities and Commodities Authority (SCA) has signed a Memorandum of Understanding (MoU) with Luxembourg's Commission for Supervision of the Financial Sector (CSSF) which calls for cooperation on securities, exchange of expertise and dual listing, WAM reported. The agreement was signed by Abdullah Al-Tarifi, CEO of SCA and J. Guill, Director General of the CSSF. The MoU aims at providing a framework for cooperation and mutual understanding to eventually contribute to increasing the flow of foreign investments into the UAE and Luxembourg through dual listing of securities in both countries.
