Securities law offers multiple financing options: CMA

Securities law offers multiple financing options: CMA

Muscat: The issuance of the Securities Law under Royal Decree No. 46/2022 comes within the framework of moving forward with the regulatory level of the securities industry in Oman to levels that keep pace with the current and future requirements in light of the technological revolution, and the legal actions required to regulate the financial technology and create a legal infrastructure for innovative financing instruments, said Sheikh Abdullah bin Salem Al Salmi, the Executive President of the Capital Market Authority (CMA). He said that the law was enacted to primarily protect the consumers in the Omani capital market and to ensure furnishing a financing environment with multiple options and a high ability to attract local and foreign capital by enhancing the public's confidence by providing a fair investment environment based on integrity and transparency, and a market with requirements that provide adequate protection for the owners of capital. Al Salmi said that the issuance of a new securities law contributes to achieving the strategic priorities of Oman Vision 2040, which is to support the initiatives that contribute to economic diversification and ensure financial sustainability, as well as supporting the private sector, investment and international cooperation, in addition to providing a