THE 15TH UASA ANNUAL REPORT
The Union of Arab Securities Authorities (UASA) Board approved the 15th annual report and financial statements for the year 2020 during its annual meeting held online 25/05/2021.
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 2020.
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 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 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 continued the issuance of its quarterly e-newsletter, and has participated in preparing a Fintech Glossary in three languages, Arabic, English and French issued by the Regional Committee for Modern Financial Technologies, launched by the Arab Monetary Fund, which includes in its membership the UASA General Secretariat. The Glossary contains (13) chapters covering all financial technology terminology, in addition to a chapter on general terminology. The glossary was published in the UASA investors’ education and awareness e-portal.
The 15th annual report is available in Arabic and English via the following links:ArabicEnglish