Muscat: The Capital Market Authority (CMA) received Paul Andrews, Secretary-General of the International Organisation of Securities Commission (IOSCO) who is visiting the Sultanate to acquaint with the economic developments and the legislative infrastructure of the Omani capital market and to discuss the key issues related to the capital market and the role of the regulators.
Andrews met with Yahya bin Said Al Jabri, Chairman of the Board of Directors of the Capital Market Authority at the premises of Duqm Special Economic Zone Authority.
The visit programme included talks session with the CMA chaired by Abdullah bin Salim Al Salmi, Executive President of CMA which discussed several topics the most important was the technical support provided by IOSCO to the members besides the prospect of CMA hosting the annual meeting of the Growth and Emerging Markets Committee in 2012 in addition to presentation on the profile of the Omani capital market and discussion of regulatory and supervisory issues encountering the CMA. Then the visitor was acquainted with the CMA’s vision on “FinTech” in general.
Andrews was appointed as Secretary-General of IOSCO in December 2015 and his role is to achieve the strategic objects of IOSCO.
IOSCO is an international organisation comprising securities commission to protect the investor and ensure markets are fair, efficient and transparent and to reduce systemic risks further to exchange of information and expertise and for unified efforts for the regulation of securities transactions, technical assistance and soundness of markets through robust regulations. IOSCO was established in 1983 and its head offices are in Madrid, Spain. It comprises 200 members or 90 per cent of the regulators of the global capital markets.