Qatar Financial Centre, DIFC and ADGM recognize mutual frameworks

GLOBAL: Qatar Financial Centre, Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) have formally mutually recognized each other’s data protection frameworks – adding each jurisdiction to the others’ adequacy lists. Marking a key step toward regional regulatory harmonization – akin to fund passporting in the GCC region – the recognition removes the need for additional transfer mechanisms for simplified compliance, lower operational costs and enhanced efficiency for businesses with footprints in multiple jurisdictions.