For the first time in the Region
The UAE hosts the International Organization of Securities Commissions (IOSCO) meeting
Approving the regulations concerning the rules of acquisition and merger of the public shareholding companies
The Board endorses the Islamic capital market development strategy
Discussing the findings of the assessment conducted by the experts of the U. S. Securities and Exchange Commission (SEC) to uplift the performance and approve the SCA’s action plan to adopt the recommendations
As part of its endeavors to develop the array of activities and financial services associated with the UAE securities sector to match the best international standards and practices, the SCA’s Board of Directors held its 17th meeting (of its 5th term) at the SCA’s headquarters at Dubai under the chairmanship of H.E. Sultan bin Saeed Al Mansoori, Minister of Economy and Chairman of the Board of Directors.
In the beginning of the session, the SCA’s Board of Directors applauded the IOSCO’s decision endorsing the SCA’s request to host and organize the IOSCO annual Conference 2020. This is the first time in the region that a GCC state hosts the IOSCO meeting in appreciation of the leading position of the UAE prudent Leadership and the leading position of the UAE topping all the international indexes.
The Board of Directors praised the SCA’s efforts which were culminated in the approval to hold the 45th IOSCO meeting in the UAE which implies confidence in the organizer and the UAE financial markets and this will be followed with shedding of further light on the UAE financial market which will contribute in further attracting the investors’ attention and the flow of more foreign investments.