The UAE’s gambling regulator – the General Commercial Gaming Regulatory Authority (GCGRA) – has signed a Memorandum of Understanding (MoU) with the country’s Financial Services Regulatory Authority (FSRA) of ADGM establishing a formal framework for regulatory cooperation and the exchange of information in support of their respective supervisory responsibilities.
In a joint release, the two agencies said the MoU reinforces a shared commitment to maintaining high regulatory standards through effective collaboration, information sharing and coordinated engagement on matters of mutual interest. It also provides a framework for cooperation that supports the effective supervision of regulated entities while respecting the independent statutory mandates of each authority.
They further explained that the agreement reflects the ongoing efforts of both authorities to foster a transparent and internationally aligned regulatory environment that establishes responsible innovation and sustainable market development while enhancing cooperation in areas including supervisory coordination, policy dialogue, investigative assistance and the exchange of regulatory information, in accordance with applicable laws and confidentiality requirements.
“Commercial gaming is one of the newest regulated sectors in the UAE, and its credibility will be built through exactly this kind of cooperation,” said recently appointed GCGRA CEO, Ciarán Carruthers.
“This MoU gives GCGRA and the FSRA a clear channel to share information and coordinate supervision where our respective mandates intersect, which matters as the sector grows and the range of participants operating in and around it becomes more complex. The UAE’s reputation as a well-regulated jurisdiction rests on regulators working in step with one another, and this agreement gives that relationship a formal foundation to build on.”
Emmanuel Givanakis, CEO of the FSRA, added, “This MoU between the FSRA and the GCGRA represents an important step in strengthening regulatory cooperation and our shared commitment to regulatory excellence. Effective collaboration between regulators is fundamental to preserving market integrity, addressing emerging risks and ensuring that regulatory frameworks evolve alongside innovation. As financial services and adjacent sectors become increasingly interconnected, close cooperation between competent authorities enhances our collective ability to support responsible growth while maintaining the highest standards of governance, transparency and consumer protection.”
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