New regulations impact securities rulings
The implementing regulations of the Securities Law in the Sultanate of Oman clarify how to develop the capital market, with a focus on protecting investors, diversifying financial products, and enhancing transparency and governance. They include expanding the scope of market activities to cover asset management, investment banks, and market-making, as well as regulating collective investment schemes and other operations. The regulations also specify the separation of investment activities from banking activities to prevent conflicts of interest and promote fair competition, granting banks up to three years to conform their practices. Additionally, the rules outline procedures for safeguarding investors' funds and covering losses in funds, and restrict prohibited trading practices such as wash trading and artificial price manipulation. The period for adjustment began in July 2026 and will end in January 2027, aimed at strengthening the market’s efficiency and growth in support of Oman Vision 2040.
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