Presidents of GCC Capital Markets  Commission hold their 24^th  Meeting

GCC stock markets agree to  cross border registration of  financial products

Joint GCC awareness programs for investment in securities

The Sultanate of Oman represented by the Capital Market Authority participated in 24^th  meeting of the Committee of the Presidents of GCC capital markets commissions and the 4^th joint meeting of the  committee of the presidents of GCC capital market commission with the presidents of GCC stock exchanges  through video conference  to follow up the developments in the financial markets to enhance cooperation and exchange of expertise in the securities industry in the region.

The meeting discussed  a number of topics related to the capital market sector and the joint projects between the member states beside reviewing the developments in the GCC stock markets and follow up implementation of the decisions of the 23^rd meeting of the committee held last September. The meeting agreed to the cross border registration of the financial products and to identify the regulatory framework for cross border registration and to refer it to the concerned entities for legal review  by the work team of the strategic integration of the financial  markets  and legal team of the regulators.

The meeting also agreed on the Know Your Customer (KYC)  account opening requirements and  agreed on  preparing of  a unified GCC investment awareness program and training program for media  and awareness specialists to be hosted by the Capital Market of the Sultanate of Oman in July.

It is worth to note that the CMA is keen to attend the regular meetings to enhance the level of cooperation between the supervisors of the capital markets and exchange of expertise  to promote the industry for the service of the national economies of GCC states.