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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