20 March 2017
CMA Takes Part in the 11th Meeting of Arab Securities Commissions
MOU with Lebanon’s Capital Markets Authority
The Capital Market Authority will take part in the 11th meeting of Arab Securities Commissions Association to be held in Tunisia. CMA is represented by HE Sheikh Abdullah Salim Al Salmi, Executive President and Abdullah Al Rabiei, Director of the Strategic Planning Office.
The meeting will discuss the study prepared by a number of members of the association on the buy offers for the purpose of acquisition and the guiding manual prepared for corporate governance of listed companies in Arab stock markets in addition to the draft multilateral memorandum of understanding between Arab Securities Commissions.
The meeting will also discuss the cooperation with the Arab Stock Exchanges Association and the Standing Committee for Economic and Commercial Cooperation of the Islamic Cooperation Organization as well as the topic of green stock markets and other topics relating to execution of the strategic plan approved by the association for the year 2017 .
A seminar will be held on the sidelines of the meeting on the integration and cooperation of Arab financial markets to support investment and the legislative structures of the regulators of financial markets.
A memorandum of understanding will be signed between CMA and the Capital Markets Authority of Lebanon for mutual cooperation and exchange of information to bolster cooperation in implementation of the laws relating to issuance of securities and other investment instruments, supervision of stock markets, clearing and settlements activities and enhancing and ensuring qualification of the persons licensed to deal in securities in addition to setting out high standards for fairness and integrity of professional conduct and detecting unsound practices.
The meeting Arab Securities Commission is being held annually to boost cooperation between the commissions.
