The Capital Market Authority is a governmental authority responsible for organizing and overseeing the issue and trading of securities in the Sultanate.
Royal Decree 80/98 dated November 9th, 1998 issuing the new Capital Market Law provided for the establishment of three separate entities:
·A regulator, to be named The Capital Market Authority (CMA), which will be a governmental authority responsible for organizing and overseeing the issue and trading of securities in the Sultanate; and
·An exchange, to be named the Muscat Securities Market (MSM) where all listed securities shall be traded. The exchange shall also be a governmental entity, financially and administratively independent from the authority but subject to its supervision. The board of directors shall be elected from among members of public (governmental commercially oriented) corporations, listed companies, intermediaries, and the Central Bank of Oman.
·Royal Decree 82/98 dated November 25th, 1998, establishing the Muscat Depository and Securities Registration Company, provided for the establishment of a closed joint stock company as the sole provider, in the Sultanate, of the services of registration and transfer of ownership of securities and safe keeping of ownership documents (depository). This company is linked through an electronic system to the MSM for easy data transfer.
(last updated: 30-September-2007)
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