The Financial Services Regulatory Authority (FSRA) of ADGM and the Hellenic Capital Market Commission (HCMC) have signed a Memorandum of Understanding (MoU), establishing a formal framework for cooperation and mutual assistance between the two Authorities.
The MoU was signed by Emmanuel Givanakis, CEO of the FSRA of ADGM, and Vasiliki Lazarakou, Chair of the HCMC.
The Hellenic Capital Market Commission, established as a legal entity by Greek Law in 1991 and organized by the Greek Law 2324 of 1995, aims to ensure the protection and the orderly and efficient operation of the capital market, which is crucial for the growth of the national economy of Greece.
The MoU establishes a practical framework for the FSRA and HCMC to collaborate on the supervision and regulation of capital markets, enabling structured information sharing and mutual assistance within their respective mandates.
According to the statement, the agreement aims to enhance market integrity and investor confidence in both jurisdictions, while also supporting joint efforts to combat money laundering, terrorist financing, proliferation financing, and ensuring compliance with applicable sanctions.
Emmanuel Givanakis said that, “The MoU with HCMC marks an important step in further strengthening FRSA’s international regulatory cooperation. By deepening engagement with key global counterparts, we continue to reinforce our commitment to upholding the highest standards of market integrity, transparency, and effective supervision.”
Vasiliki Lazarakou stated that, “This agreement further strengthens the HCMC’s international cooperation with important regulatory authorities outside the European Union, contributing to more effective supervision and enhancing market confidence.”
The agreement underscores the Authorities’ commitment to practical, results-driven collaboration, enabling regulators to respond more effectively to cross-border market activity. By fostering closer coordination, the MoU aims to enhance investor protection and reinforce the integrity, stability, and resilience of global capital markets.
