UASA ISSUES THE 13TH ANNUAL REPORT
The Union of Arab Securities Authorities (UASA) Board approved the 13th annual report and financial statements for the year 2018 during its annual meeting held in Jordan on 27/03/2018.
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 2018 such as the organization of The First Forum for Arab Securities Brokers in cooperation with the Securities and Commodities Authority (SCA).
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 issued three 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, and the third guidelines are related to the initial offerings and listing in financial 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 study on pricing shares of new companies when listing and delisting, and a Glossary for common financial terminologies used in the Arab Financial Markets, the glossary was published in the investors’ education and awareness e-portal.
The annual report featured also the completion of the work related to the development of UASA’s website, especially with regard to the establishment of the investors’ education and awareness e-portal, as well as the issuance of the UASA quarterly e-newsletter.
The 13th annual report is available in Arabic and English via the following links: