The Securities and Commodities Authority participates in the meeting of the Committee of Heads of Capital Markets Authorities in the GCC States
The Securities and Commodities Administration participated in the work of the 26th meeting of the Committee of Heads of the Financial Market Authority (or equivalent) of the Gulf Cooperation Council countries, which is subordinate to the Ministerial Committee of Heads of the Boards of Directors of various entities. Financial Market Organization of the Gulf Cooperation Council countries.
A delegation led by H.E. Dr. Mariam Buti Suwadi, Chief Executive Officer of the Securities and Commodities Administration, represented the Administration at a meeting held in Muscat, the capital of Oman.
The meeting discussed a number of topics, the most important of which was the draft internal registration regulations for investment funds. The meeting also heard a briefing on the decisions of the 10th meeting of the Ministerial Committee of the Chairman of the Board of Directors of Financial Market Regulators. (Video call, November 2022).
The Committee heard a briefing by the Gulf Cooperation Council's Financial Market Integration Strategy Working Group on the implementation plan and timetable for activating the "Know Your Customer" model, and a briefing by the Saudi Capital Market Authority on the ceremony. Smart Gulf Investor Award.
The Commission adopted a sustainability mechanism for the Gulf Investment Awareness Plan "Mualim" submitted by a working group. Experts who communicate with financial market regulators in Gulf Cooperation Council countries and raise investor awareness. Reviewed the report prepared by the Gulf Statistical Centre on the performance and development of securities markets in the Gulf States.
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