Oman implements Securities Law rules
The Capital Market Authority of Oman has approved the executive regulations for the Securities Law, aiming to modernize the capital market's regulation and enhance its ability to keep pace with technological developments and new investment tools. The regulations include regulating investment banking activities, redesigning the regulatory framework for financial institutions, and offering incentives for them to comply within six months. Banking institutions are given a three-year period to separate securities activities. The regulations also entail a review of crowdfunding legislation, the development of a credit rating system, and the regulation of modern financial technologies. Additionally, they promote innovation in the market to ensure its stability and protect investors.
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