Kuwait's CMA signs MoU with Oman's counterpart on bolstering coop.
Date
10/8/2015 1:22:44 AM
(MENAFN- Kuwait News Agency (KUNA)) Kuwait's Capital Markets Authority (CMA) has signed a memorandum of understanding (MoU) with Omani counterpart aiming to boost bilateral cooperation.
In a press statement to KUNA Wednesday, the CMA said that the memo seeks to activate cooperation and coordination between the two authorities in the area of exchanging information regarding the implementation of relevant laws.
The memo also aims to take measures against any illegal exercises at markets and facilitate obstacles in front of investors in the two countries, the statement added.
The memo also refers to boost cooperation in the area of sharing expertise, visits of experts, researches and publications pertaining to the capital markets, it noted.
In addition, the MoU seeks to train employees and develop human resources that will bear fruit for the two sides and enhance their legal and regulatory structures, it made clear.
The memo was inked by Chairman of the Kuwaiti Capital Markets Authority's Council of Commissioners Nayif AlآHajraf and CEO of Oman's Capital Market Authority Abdullah bin Salim Al Salmi. Kuwait's CMA has signed several memorandums of understanding with other regulatory bodies in GCC countries, with the aim of boosting cooperation among them.
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