30 October 2022
CMA Participates in the 47th Annual Meeting of IOSCO
The Capital Market Authority participated in the 47th annual meeting of the International Organization of Securities Commissions (IOSCO) held in Marrakech, Morocco during the period 17-20 October. The Sultanate’s delegation was chaired by HE Sheikh Abdullah Salim Al Salmi, Executive President of the CMA.
CMA participated in the meeting with the aim of acquainting with the key issues on the financial, regulatory and supervisory areas. The meeting discussed a number of issues related to the developments in stock markets including disclosure standards related to green and sustainable financing, reducing the gap in disclosure standards and requirements between public joint stock companies and private companies as well as reviewing the cyber security and protection of participants of financial markets from cyber threats and risks.
The meeting also discussed virtual assets and their challenges and regulatory structures. A number of meetings were held on the sidelines of the meeting such as the consultative meeting of Arab Securities Commissions on 16th October, IOSCO committees and board of directors in the first three days followed by the annual conference of the Moroccan Capital Market Authority on 20th October. Most securities commissions participated in the annual meeting to discuss the key issues related to securities and futures markets.
The CMA is keen to take part in the international gatherings to enhance the Sultanate’s presence in international organizations for exchange of expertise and information with the member states to develop the capital market and improve investor protection and upgrade the regulation at highest levels of integrity, fairness and transparency beside emphasizing on continuity of the efforts exerted by the CMA to enhance its role within the IOSCO.
IOSCO was established in 1983 and is global standards setter with a number of sub committees with the aim cooperation for development and implementation of internally recognized standards for regulation, supervision and enforcement for investor protection and to provide fair, transparent and efficient markets to address systemic risks as well as boosting confidence in the securities markets through exchange of information, cooperation in enforcement against market abuse and unsound practices.
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