Qatar is gearing up to become a signatory to IOSCO EMMoU

Qatar is gearing up to become a signatory to IOSCO EMMoU

Highlighting the need for developing a sustainable capital market, the QFMA, which is embarking on a rebranding drive, had identified the initiative of “starting the process of becoming a signatory” to the IOSCO EMMoU.

Doha is gearing up to be a signatory to the enhanced multilateral memorandum of understanding (EMMoU) of the International Organisation of Securities Commission (IOSCO) as part of its “strategic” objectives to develop a sustainable capital market.This was outlined in the fifth strategic objective of enhanced local and international co-operation in the Qatar Financial Market Authority’s (QFMA) recently released Strategic Plan for 2023-27, which has set out six strategic objectives with 63 initiatives.“For every strategic objective, we identified key initiatives,” said the strategic plan, which considered the Third National Development Strategy and Third Financial Sector Strategy.Highlighting the need for developing a sustainable capital market, the QFMA, which is embarking on a rebranding drive, had identified the initiative of “starting the process of becoming a signatory” to the IOSCO EMMoU.The EMMoU is a benchmark for co-operation standards, which encourages and enables co-operation between securities regulators through exchanging information in order to combat securities and derivatives violations with a cross-border element.The QFMA’s other identified initiatives are establishing strategic