The 27^th Meeting of the Committee of the Presidents of GCC Securities Commissions

The Committee of the Presidents of the GCC Securities Commissions, which is a subcommittee of the Ministerial Committee of the Chairpersons of the Boards of Directors of the GCC Financial Markets’ regulators, held its 27^th meeting on Sunday November 5, 2023 via video conference.

The meeting discussed a number of topics on top of them the regulations for cross boarder registration of investment funds.

The meeting was briefed on the latest developments in the member states with regard to finalizing internal procedures for commencement of activation of the regulatory framework.

The committee listened to brief review by the Saudi Capital Market Authority on the GCC awareness program “Mulim” and the indicators of interactions of the awareness campaign.

The Committee approved the work plan for cooperation in the field of studies submitted by the work team comprised of training officers of GCC regulators in its 9^th meeting, and acquainted with a report on the interaction of members in the knowledge portal of GCC financial markets.

The Committee was also briefed on the outcome of the joint meeting of the awareness specialists in the GCC financial markets regulators, central banks and GCCPOL (GCC Police) on the comprehensive perception on the proposed steps (initiatives) to combat financial fraud.

The Committee reviewed the report prepared by the GCC Statistics Centre on the performance and developments in the GCC securities markets in the first quarter of 2023.