The UAE Securities & Commodities Authority (SCA) and Hong Kong’s Securities and Futures Commission (SFC) have signed a mutual recognition framework to facilitate the cross-border distribution of public investment funds between the UAE and Hong Kong. Under the framework, eligible funds and fund management companies in each jurisdiction can access the other’s market without duplicative authorisation procedures. The arrangement also sets out cooperation mechanisms for regulatory coordination, information exchange and oversight of cross-border activities, with the stated aims of improving market efficiency, strengthening investor protection and supporting market development.