The Financial Services Authority (FSA) and the University of Technology and Applied Sciences (UTAS) have signed a joint cooperation programme, spanning three years and subject to renewal, aimed at enhancing cooperation in financial services, academia, training, scientific research, innovation and community service.

It was signed by H.E. Abdullah bin Salim bin Abdullah Al Salmi, Executive President of the FSA, and H.E. Dr. Said bin Hamad bin Said Al Rubaie, Vice Chancellor of the UTAS.

The cooperation programme aims to develop the financial skills of UTAS members, enhance education, learning and practical training, support scientific research and innovation, and host joint events such as conferences and workshops. It also includes the exchange of studies and scientific and research resources between both sides.

It outlines cooperation in advancing higher education by enriching the educational process with resources and ideas that support academic materials related to fields falling within the mandate of the FSA.

The programme reflects the shared understanding of both sides on the significance of enhancing cooperation and maintaining direct follow-up in carrying out responsibilities in accordance with applicable laws and regulations.

The clauses of the programme affirm the FSA’s commitment to supporting educational institutions by contributing to developing capabilities of the students, aligning educational outcomes with the needs of the non-banking financial sector, and enhancing the academic community’s understanding of financial regulations and legislation, ultimately promoting financial awareness, improving national competencies and supporting the educational and research ecosystem in the Sultanate of Oman.