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UK Securities & Investment Institute announces partnership with UAE

The Securities & Investment Institute wishes to thank Jasper Consult for supplying their local knowledge and expertise with this project.

12 February 2007

The Securities & Investment Institute (SII) is to sign a Memorandum of Understanding with the Emirates Securities and Commodities Authority (ESCA) the financial services regulatory body for United Arab Emirates, on 12th February 2007 in Abu Dhabi.

The MoU, which will be witnessed by the Lord Mayor of the City of London Alderman John Stuttard and H.E. Sheikha Lubna Al Qasimi, Minister of Econony - ESCA Chairperson and H.E.Abdullah Alturifi, CEO of ESCA, will recognise the joint commitment to promote high standards of competence and integrity within the UAE securities & investment industry. This will be practically acknowledged by the establishment of an SII office in Dubai.

ESCA will formally adopt the SII Code of Conduct which consists of seven Principles regarding financial services market integrity, honesty and professional standards.

Ruth Martin, Managing Director of the SII said, "We are delighted to be working with ESCA on these very important projects which will help establish international benchmark professional qualifications in the UAE and promote high standards of ethics and integrity in the financial services industry."

The Lord Mayor Alderman John Stuttard said, "Today is a great example of "City of London, City of Learning" in action. ESCA and SII working together provides an exciting example of how the UK's Financial Services Sector expertise in training and competence is being transferred to benefit the important emerging financial markets of the Gulf."

Abdullah al Turifi, CEO of ESCA said: "We have a profound belief that this visionary partnership will add to the UAE securities and investment industry. The offspring of such collaboratory work will not be confined only to the Code of Conduct and enhancing the qualifications of securities professionals, but will also raise the bar for best practices. This will add value to the UAE investment infrastructure."

The Securities & Investment Institute recently launched its Islamic Finance Qualification (IFQ) in Bahrain at the World Islamic Banking Conference. The IFQ is the first global benchmark examination covering Islamic finance to be available to candidates via computer based testing (CBT) It is also the world's first ever global benchmark qualification to cover Islamic finance from both a technical product knowledge and a Sharia' aspect.

-Ends-

Notes to Editors

The Securities & Investment Institute (www.sii.org.uk) was formed in 1992 by members of the London Stock Exchange. Its mission is to set standards of professional excellence and integrity for the securities and investment industry, providing qualifications and promoting the highest level of competence to its members, firms and others.

The Securities & Investment Institute is now the pre-eminent professional body for those who work in the securities and investment industry in the UK. Over 25,000 members benefit from a programme of professional training and development. The Institute is the principal awarding body for industry qualifications and last year its examinations attracted 38,000 candidates.

The Securities & Investment Institute is also a registered charity.

Charitable Objectives:

· to promote for the public benefit, the advancement and dissemination of knowledge in the field of securities and investments.
· to develop high ethical standards for practitioners in securities and investments and to promote such standards in the UK and overseas.
·to act as an authoritative body for the purpose of consultation and research in matters of education or public interest concerning investment in securities.

For further information please contact:
Lora Benson
Press Officer
SII in London
Tel: 020 7 645 0662
Mobile 07801 521034

Dr.Emad Husseinm
Advisor for International Cooperation
ESCA
Tel: 00971 50 6120 116

© Press release 2007

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