CMA and Capital Market Authority of Brunei Ink MOU

23 January 2017

News

CMA and Capital Market Authority of Brunei Ink MOU

 

His Excellency Abdullah Salim Al Salim, Executive President of the Capital Market Authority and  Sayyid Yusof Haji Abd Rehman, Managing Director of  Athoriti Monetari Brunei Darussalam signed a memorandum of understanding  on Monday 23 January 2017 at the premises of the Capital Market Authority of Oman for the exchange of information and mutual cooperation.

 

This was concluded on the sidelines of the meetings between CMA and the Authoriti Monetari Drunei Darussalam which discussed  a number of topics relating to the two countries and the opportunities of cooperation  to boost the exchange of information for the benefit and 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 Authoriti Monetari Brunei Darussalam aims  from the MOU to  benefit from the experience of Oman in the regulation of the capital market sector  and to identify  the fields of  cooperation.   They were 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, beside  assisting in detecting and preventing any prohibited and unsound practices and other forms of securities fraud .

 

The MOU included exchanged of information and  mutual cooperation in the field of investor protection and soundness of stock exchanges through the provision of  frameworks to upgrade the level of understanding in exchange of information and professional expertise and to encourage cooperation between capital market institutions  including the securities markets, clearing and depository institutions and financial services companies and coordination in dispute resolution. 


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