The Hong Kong Securities and Futures Commission (SFC) and the Dubai Financial Services Authority (DFSA) signed a Memorandum of Understanding to deepen cooperation on the oversight and supervision of collective investment scheme managers operating across the two markets, with a focus on compliance, governance and cross-border regulatory alignment. The MoU creates a framework for consultation, cooperation and information exchange to support supervision of regulated entities conducting cross-border investment management or advisory activities. The agreement was presented during the 10th Belt and Road Summit in Hong Kong and follows joint work by the regulators over the past year, including a high-level meeting and a co-hosted roundtable with leading asset managers in Hong Kong.