State Council discusses proposals to amend archives, securities laws

State Council discusses proposals to amend archives, securities laws

Muscat – The State Council on Monday held a meeting during which it studied proposals to amend the Law on Records and Archives and the Securities Act in preparation to submit the drafts of both to His Majesty Sultan Haitham bin Tarik, along with the opinions of the State Council and the Shura Council.

The drafts of the Archives and Records Law (promulgated under Royal Decree No 60/2007) and the Securities Act were earlier forwarded to the two councils for discussion by the Council of Ministers. The deliberations took place as part of the third ordinary session of the State Council’s annual sitting of the seventh term held under the auspices of Sheikh Abdul Malik Abdullah al Khalili, Chairman of the State Council.

In his opening speech, Sheikh Khalili said that the meeting coincides with the start of a new year, which he wished would be a year of bounty for Oman and His Majesty the Sultan. He also wished that 2022 would see the eradication of coronavirus and the recovery of the global economy from the negative impacts of the pandemic.

Then, Dr Rashid Salim al Badi, Chairman of the Legal Committee in the State Council, said that the proposed amendment of