The SCA participates in the UASA meeting in Tunisia
Dr. Obaid Al Zaabi:
The UASA members approve the initiatives of the strategic plan for the years 2016/2020
Reviewing the experiences of the green financial markets in the UASA member-states
Agreeing on the frameworks of the multilateral memorandum of understating among the Arab securities authorities
The UASA Board supports the SCA’s request to host the IOSCO annual meeting
Boosting the cooperation with the Arab Federation of Exchanges and developing a unified dictionary of the financial terms
Based on the instructions of H.E. Eng. Sultan Al Mansoori, Minister of Economy and Chairman of the Board of Directors of the SCA, a SCA’s delegate presided by H.E. Dr. Obaid Al Zaabi, Acting CEO of the SCA, participated in the 11th meeting of the Union of Arab Securities Authorities "UASA" in Tunisia which was attended by representatives of the Arab financial markets authorities which are members of the UASA.
The UASA members extended thanks and appreciation to the Securities & Commodities Authority in the UAE (headquarter state) for its ongoing support and role to improve the path of the UASA. The Board of the UASA decided to provide full support to the SCA to host the IOSCO annual meeting. During the meeting, H.E. Abdullah Al Turifi, former Secretary-General of the UASA, was honored for his efforts establishing the UASA and his tenure leading the General Secretariat of the UASA.
Dr. Obaid Al Zaabi stated that the meetings discussed a range of issues related to means of improving the joint efforts between the financial markets supervisory authorities in the states, and that the UAE, being the headquarters state which called for the establishment of the UASA, attaches paramount importance to the role performed by the UASA building the bridges and establishing the professional bonds between the regulatory authorities which supervise the securities markets in the member-states to continue the improvement and development, in addition to the vital role of the UASA as a main forum to exchange the experiences, information, and viewpoints about the issues of the Arab financial markets.