Training programme on financial market surveillance ends

Muscat: The Capital Market Authority (CMA) on Monday concluded a training programme titled “Surveillance and Inspection in Capital Markets” in collaboration with the Union of Arab Securities Commissions at the Sundus Rotana Hotel, Muscat.
The programme was held under the patronage of Mohammed Said Al Abri, Vice President, Capital Market Sector, CMA, and saw the attendance of Jalil Tarif, Secretary General of the Union of Arab Securities Commissions.
“The programme aims to offer participants the experience and skills related to the inspection of financial service companies, as well as trading surveillance in the stock markets and real cases for inspection and surveillance, in addition to understanding, analysing and combating manipulation methods in financial markets,” Tarif said.
“The programme targets all employees working in surveillance in capital markets and the entities regulated by securities commissions, as well as employees in inspection departments of companies operating in capital markets, regulators, banks, financial institutions and other related entities,” he added.
The programme covered topics such as inspection, objects and types of inspection, conducting inspections, selecting samples of inspection, main aspects of inspection, mechanisms for inspection of intermediaries, code of conduct of inspectors and the duty of the company towards inspectors.
The second topic covered the solvency of financial services companies such as solvency ratios, calculation of solvency, margin trading and surveillance and trading caps.
The third topic covered trading surveillance (concepts and objects), concept of manipulation in financial markets (objects and relevant entities), types of manipulation, unsound practices in stock exchanges, detecting manipulation processes in financial markets, surveillance programmes in financial markets and cooperation between countries to detect manipulation in the markets and the challenge facing regulators in taking measures against illegal practices.
Lebanese Securities Authority, UAE Securities and Commodities Commission, Iraq Securities Commission, Capital Market Authority of Palestine, Muscat Securities Market, Muscat Clearing and Depository Company and a number of intermediation companies participated in the programme.