Muscat: Sheikh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority (CMA) received a high-level delegation of the Islamic Republic of Iran chaired by Dr Majid Eshqhi, Chairman of the Securities and Exchanges Organisation and members representing the executive management of the Iranian Organisation. A number of the officials of the CMA attended the meeting.

The visit comes in the framework of the close relationship between the two countries and to enhance the ways of cooperation and exchange of expertise between the regulators of the capital market to contribute to developing the legislative and regulatory frameworks of the securities markets.

The meeting reviewed the latest developments in the fields of regulation and supervision of the capital markets in the two countries and touched on the bilateral memorandum of understanding concluded between the two sides and the importance of activating the clauses of the MoU besides boosting cooperation in fintech, commodities trading and investment awareness. It is set to constitute joint technical teams from both sides to work together in the above-said areas.

CMA and the Iranian Securities and Exchanges Organisation signed MoU in 2009 for the exchange of information and cooperation to enhance investor protection and securities markets integrity by providing for cooperation framework and increasing the level of mutual understanding.

Source: Times of Oman