CMA Concludes Training programme on Surveillance and Inspection in Financial Markets

10 December 2018

The Capital Market Authority concluded today the training programme titled “ Surveillance and Inspection in Capital Markets” in collaboration with the Union of Arab  Securities Commissions  at the Sundus Rotana Hotel, Muscat which started on Monday under the patronage of Mohammed Said Al Abri, Vice President, Capital Market Sector, CMA and the attendance of HE Jalil Tarif, Secretary General of the Union of Arab Securities Commissions.


Lebanese Securities Authority, UAE Securities and Commodities Commission, Iraq Securities Commission, Capital Market Authority of Palestine , Muscat Securities Market, Muscat Clearing and Depository Company and a number of intermediation companies participated in the programme.


HE Jalil Tarif, Secretary General of the Union of Arab Securities Commissions said the programmes aims to provide the participants with experience and skills related to inspection of financial services companies as well as trading surveillance in the stock markets and real cases for inspection and surveillance in addition to understanding, analysis and combating  manipulation methods in financial  markets.


He added the programme targets all employees working in the surveillance in the capital markets and the entities regulated by securities commissions as well as the employees in inspection departments of the companies operating in capital markets, regulators, banks, financial institutions and other related entities.


The programme covered  topics on inspection, objects and types of inspection, conducting inspection, selecting samples of inspection, main aspects of inspection, mechanisms for inspection of intermediaries, code of conduct of inspectors and the duty of the company toward inspectors.


The second topic  covered the solvency of financial services companies such as solvency ratios, calculation of solvency, margin trading and surveillance and trading caps.


The third topic covered  trading surveillance (concepts and objects) concept of manipulation in financial markets (objects and relevant entities) , types of manipulation, unsound practices in stock exchanges, detecting manipulation processes in financial markets, surveillance programmes in financial markets and cooperation between the countries to detect manipulation in the markets and the challenge  facing the regulators in taking measures against illegal practices.


CMA has organized a programme in Salalah in August in collaboration with the Union as part of the training plan for 2018 on the financial  derivatives under the strategic plan for capacity building and transfer of knowledge among the members of the Union to enhance knowledge  on the practices related to financial derivatives, commodities derivatives and the markets where derivatives are traded and investment strategies.