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Training program on Surveillance and Inspection in Financial Markets


 Published on: 5-Dec-2018

The Capital Market Authority of Oman in collaboration with the Union of Arab Securities Authorities concluded a training program on “Surveillance and Inspection in Capital Markets” on 4-5 December 2018 at the Sundus Rotana Hotel, Muscat. The training program was under the patronage of Mr. Mohammed Said Al Abri, Vice President, Capital Market Sector, CMA and the attendance of Mr. Jalil Tarif, Secretary General of the Union of Arab Securities Authorities.

Lebanese Securities Authority, UAE Securities and Commodities Commission, Iraq Securities Commission, Capital Market Authority of Palestine, Bahrain Bourse, Muscat Securities Market, Muscat Clearing and Depository Company and a number of intermediation companies participated in the program.

Mr. Jalil Tarif, Secretary General of the Union of Arab Securities Authorities said the program aims to provide the participants with experience and skills related to inspection of financial services companies as well as trading surveillance in the stock markets and real cases for inspection and surveillance in addition to understanding, analysis and combating manipulation methods in financial markets.

He added the program targets all employees working in the surveillance in the capital markets and the entities regulated by securities commissions as well as the employees in inspection departments of the companies operating in capital markets, regulators, banks, financial institutions and other related entities.

The program covered topics on inspection, objects and types of inspection, conducting inspection, selecting samples of inspection, main aspects of inspection, mechanisms for inspection of intermediaries, code of conduct of inspectors and the duty of the company toward inspectors.

The second topic covered the solvency of financial services companies such as solvency ratios, calculation of solvency, margin trading and surveillance and trading caps.

The third topic covered trading surveillance (concepts and objects) concept of manipulation in financial markets (objects and relevant entities), types of manipulation, unsound practices in stock exchanges, detecting manipulation processes in financial markets, surveillance programmes in financial markets and cooperation between the countries to detect manipulation in the markets and the challenge facing the regulators in taking measures against illegal practices.

It is worth mentioning that the CMA has organized a program in Salalah in August in collaboration with the Union as part of the training plan for 2018 on the financial derivatives under the strategic plan for capacity building and transfer of knowledge among the members of the Union to enhance knowledge on the practices related to financial derivatives, commodities derivatives and the markets where derivatives are traded and investment strategies. 

 

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