CMA vice president elected deputy chairman of AMERC and member of IOSCO BoD

Muscat: Mohammed bin Said Al Abri, Vice President, Capital Market Sector of the Capital Market Authority (CMA) has been elected deputy Chairman of the Africa Middle East Regional Committee (AMERC) and member of the board of directors of the International Organisation of Securities Commission (IOSCO) for the 2022-2024 session scheduled to start in October 2022 during the organisation’s meeting in Marrakesh.

AMERC is one of four committees constituted by IOSCO to focus on regional issues related to the regulation of securities in Africa and the Middle East Region and comprises 42 members representing securities commissions in the region and endeavours to work on the priorities of the members in matters related to developing the regulatory environment in line with best international practices and standards. Nezha Hayat, Chairperson of the Moroccan Capital Market Authority will chair the Committee during the period 2022-2024.

CMA is keen to participate in the international committees in line with its strategic plan 2021-2025 which emphasises the presence of the Sultanate of Oman in international work teams and committees and participation in the events of the international organisations. CMA received support from the member countries thanks to the appreciation for its participation in the activities of the committee in particular and the IOSCO in general.

IOSCO was established in 1983 and the Sultanate of Oman joined the organisation in 2000 as a permanent member.