With the application of international best practice standards, the Regulator is obligated to:
(a) ensure compliance with and enforce applicable financial services legislation, consistent with the Basel Core Principles for Effective Banking Supervision, the IOSCO Objectives and Principles of Securities Regulation and the FATF Recommendations on combating money laundering, the financing of terrorism and proliferation of weapons of mass destruction;
(b) assist financial services regulators in other jurisdictions to the best possible extent regarding co-operation and the exchange of Confidential Information consistent with the obligations contained and in the manner prescribed in the IOSCO Multilateral Memorandum of Understanding;
(c) use all reasonable efforts to ensure that neither ADGM regulations nor foreign laws relating to confidentiality and secrecy prevent the Regulator from gathering, protecting or disclosing Confidential Information where required for lawful regulatory purposes;
(d) limit the disclosure of Confidential Information to other financial services regulators and enforcement agencies to the extent required for ensuring compliance with, and enforcement of, applicable financial services and criminal legislation;
(e) to adopt and implement internal control systems and procedures for the handling, storing, processing and securing of Confidential Information that meet international best practices; and
(f) to comply with all applicable laws and ADGM regulations which govern the Regulator's collection and dissemination of Confidential Information.