CMA received on Thursday, 5th December, 2013 an Iranian delegation from the Iranian Capital Market, Tehran Stock Exchange, and the Iranian Depository and Clearing Center in CMA building. The meeting was held on the margin of the delegation’s participation in the 19th general meeting of the Federation of Euro-Asian Stock Exchanges (FEAS) and the executive council hosted by the Sultanate. It comes within the frame of activating the memorandums of understanding signed between the two authorities for exchanging information and expertise in the legislative and technical fields, and for simulating the two experiences with regard to spreading awareness and qualifying national manpower operating in securities.
During the visit, a meeting was held between representatives of CMA and the Iranian Capital Market. The Omani side included; H.E. Sheikh Abdullah al Salmi, Executive President of CMA, Director General of MSM and Director General of MCDC, while the Iranian side included the Director General of General International Relationships of Stock Exchange Authority, the Director General of Tehran Stock Exchange and Director General of the Iranian Depository and Clearing Center.
The agenda included discussing the cooperation mechanism and the opportunities available for benefiting from the experiences in the regulatory fields, which would contribute in promoting the performance of economic roles of the capital market sector in the two countries. The meeting discussed the Iranian experience in using the concept of virtual market and its benefit in introducing the community to the available investment opportunities in securities market.
The virtual market concept visualizes the securities market for new investors as trial stage through visionary investment that applies buy and sell operations based on investment decisions taken as per factor impacting the market in addition to risks facing the offered security. This projects aims to introduce new investors to the basic components of the market and the available investment opportunities which would have positive impact in attracting the community members to get benefit of the offered investment options in the market and thus contributing in promoting savings and investment awareness among them.
It’s worth to mention that last week, a Memorandum of Understanding was signed between Muscat Securities Market and Tehran Stock Exchange that aims to promote mutual cooperation in order to develop the industry of securities in the two markets by exchanging information, technical cooperation, experts visits and conducting researches and workshops in the field of securities.