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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

CMA, Capital Market Authority of Brunei ink MoU

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MUSCAT: Abdullah bin Salim al Salmi, Executive President of the Capital Market Authority (CMA), and Sayyid Yusof Haji Abd Rehman, Managing Director of Autoriti Monetari Brunei Darussalam, signed a memorandum of understanding (MoU) at the CMA on Monday for the exchange of information and mutual cooperation.


This was concluded on the sidelines of the meetings between CMA and the Autoriti Monetari Brunei Darussalam, which discussed a range of topics relating to the two countries and opportunities of cooperation to boost the exchange of information for the benefit, as well as upgrading the capital markets in the two countries and for provision of financing instruments and products in safe and fair investment environment.


The meeting witnessed introductory presentation on the development of the capital market in the Sultanate and phases of its regulation.


The Autoriti Monetari Brunei Darussalam aims through the MoU to benefit from the experience of the Sultanate in the regulation of the capital market sector and to identify fields of cooperation.


The Brunei side was acquainted with the Omani experience and the laws relating to the issuance of securities and other investment instruments, management, advise and supervision of stock exchanges, clearing and depository institutions   and compliance with the laws and regulatory systems applied in the two countries, besides assisting in detecting and preventing any prohibited and unsound practices and other forms of securities fraud. — ONA


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