Regulate

1. Regulating financial sectors and professions, such as capital markets, insurance, accounting, auditing, commodity and energy markets with their derivatives, and credit rating agencies, along with related entities, services and products; ensuring their soundness and mitigating potential risks to them or to the stability of the financial system.

2. Preparing draft laws, Royal Decrees, regulations and resolutions related to the FSA’s areas of competence.

3. Carrying out studies and proposing amendments to existing laws, and where necessary, allowing the temporary application of certain services, activities or licences pending the issuance of new legislation.

4. Conducting administrative investigations, including summoning and questioning individuals in violation of relevant laws and regulations, or responding to requests from foreign authorities in cases of cross-border violations, and acting appropriately against offenders.

Educate

1. Supporting regulated entities in developing their services, fostering innovation and introducing products that meet the needs of society.
2. Developing and delivering professional training programmes for individuals working in regulated sectors and activities.
3. Organising local and international events, including seminars, forums, and conferences, to raise public awareness about regulated sectors, services, and associated risks.
4. Establishing or contributing to educational and training institutions to build national capacities and develop professional skills, in coordination with relevant entities.

Supervise

1. Collecting and publishing data, information, and statistics on regulated sectors and activities.
2. Engaging with local and international counterparts and joining regional and global organisations to exchange knowledge and expertise.
3. Representing the Sultanate of Oman in regional and international meetings, conferences and organisations related to its mandates.