UASA ISSUES THE 14TH ANNUAL REPORT
The Union of Arab Securities Authorities (UASA) Board approved the 14th annual report and financial statements for the year 2019 during its annual meeting held online 24/06/2020.
The report presents the most important activities of the members in market regulation and oversight, enforcement, awareness and cooperation. The report also presents the most important work of the UASA completed in 2019 such as the organization of the second Arab Capital Markets Conference on “Enhancing Transparency and Financial Innovation” in cooperation with cooperation with Jordan Securities Commission (JSC).
In addition, the UASA, within the framework of the UASA’s strategic plan 2016-2020 objectives, implemented a number of specialized training programs in line with the requirements and training needs of the Union members to contribute in the development of self-regulatory capacities and enhancing the efficiency and effectiveness of regulatory authorities in various areas. The training programs specifically targeted the human cadres working in the regulatory authorities at different levels of employment, especially those working in regulatory and supervision aspects of capital markets institutions. Some programs also targeted other entities operating in the capital markets, including exchanges, depository and settlement centers, brokerage firms, listed companies, banks, financial institutions and other entities related to the capital markets.
With regards to achieving harmony and consistency in regulations of the Union members, the UASA general secretariat began working on issuing a unified guide for all general rules and principles issued by the Union aiming to facilitate reaching out to such information to all UASA members and other interested parties. The Union of Arab Securities Authorities (UASA) has issued four guidelines; the first represents the minimum requirements to be met for companies and entities operating in the Arab financial markets. The second guidelines are for the disclosure and insider trading of listed companies in financial markets, the third guidelines are related to the initial offerings and listing in financial markets, and the fourth on Code of Ethics for Arab Capital Markets. The UASA General Secretariat has set up a secondment and assignment guidelines to provide means to facilitate the professional development of staff and to respond to members’ short-term needs for any program of work in order to benefit from the competency secondment and to meet the requirements of professional development.
Furthermore, the UASA issued a Glossary for common financial terminologies used in the Arab Financial Markets in French after issuing it in Arabic and English last year, the glossary was published in the investors’ education and awareness e-portal. The annual report featured also the the issuance of the UASA quarterly e-newsletter.
The 14th annual report is available in Arabic and English via the following links:Arabic