The Capital Market Authority has concluded a memorandum of understanding with the International Capital Market Association which is based in Zurich, Switzerland to enhance mutual cooperation and exchange of information relating to capital markets.

HE Sheikh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority signed  for CMA and Mr. Martin Scheck, Chief Executive Officer and Leland Goss the General Counsel of the Association signed for ICMA.

The MOU provides for exchange of information about the laws and regulations relating to regulation and supervision of capital markets and the practices of international and local capital markets, training and research.

The agreement will contribute to boosting and enhancing the legislative and regulatory infrastructure of the capital market whether relating to investment instruments, regulations or  clearing and settlement systems and avail opportunities to benefit from the mechanisms of regulation of intermediaries and brokerage profession and other related matters to limit unsound practices.