IOSCO workshop facilitates development of on-site inspection manuals for securities sector oversight

IOSCO workshop facilitates development of on-site inspection manuals for securities sector oversight

Muscat: In continuation of strengthening cooperation frameworks with supervisory authorities over institutions operating in the securities sector, the Capital Market Authority (CMA), in collaboration with the International Organization of Securities Commissions (IOSCO), held a technical workshop for employees of the oversight and inspection departments in securities regulators in 22 member states of the IOSCO.

This 2-day workshop aims to discuss methods for planning and conducting on-site inspections on regulated companies and to review the roadmap for participants to develop a dedicated on-site inspection manual in accordance with internationally recognised standards.

The workshop also aims to be a practical discussion about different approaches taken with respect to on-site inspection manuals and to provide a forum for sharing experiences in implementing such manuals to curb manipulation in the companies operating in the field of securities to preserve shareholders' and stakeholders’ rights.

During the workshop, discussion sessions were held to exchange expertise and knowledge in inspection and oversight methods to come up with the latest oversight methods and to learn about international practices in this field.

IOSCO was established in 1983 as a global standards setter for securities markets through cooperation and encouraging adherence to international standards in regulation and supervision for the protection of investors and