CMA Presents Draft Executive Regulation of the Securities Law for Public Consultation Until December 11
The Capital Market Authority (CMA) invited all public joint stock companies, audit firms and law firms to share their observations and comments on the draft Executive Regulation of the Securities Law after it was completed by the team formed by the Executive President of the CMA. The draft regulation is available on the CMA’s website and application for all concerned parties. Feedback will be received until December 11 (Monday). This represents the principle of participation in the drafting of regulations governing the securities sector.
The CMA believes on the importance of participation of all concerned parties in the process of drafting legislations. The team finalized the draft regulation and it is now presented to the public to collect their feedback. After that, the draft regulation will be presented to the CMA’s Board of Directors and then it will be reviewed by the concerned government institutions before final approval.
It is worth mentioning that the regulation is resilient enough to facilitate an adequate investment environment to attract and encourage local and foreign investments in the Sultanate of Oman, to cope with the new updates in the money and business world. The regulation draft also includes regulatory provisions related to the entities operating in the field of securities, securities, trust, Investment Funds and disclosures.
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