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MENAFN - Kuwait News Agency (KUNA) - 20/11/2012

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(MENAFN - Kuwait News Agency (KUNA)) GCC heads of financial markets regulators met in Riyadh on Monday to discuss member state intergration standards and procedures.

A number of resolutions and recommendations made by committees tasked with listing, governance and disclosure, regarding periodic reports on the extent of applying the standard rules for the inclusion of securities and improvement and development proposals were dealt with.

Officials also discussed recommendations of the initial public offering team regarding the "unified rules project, which is to create investment fund units in the GCC countries," said the General Secretariat of the Gulf Cooperation Council in a press statement.

In addition, the meeting tackled the findings of the supervision and regulation teams of the GCC financial markets, regarding the mentioned project, in order to control and supervise the trading in the Gulf.

It also discussed the findings of the team in charge of training such as detailed suggestions for the implementation of cooperation and integration mechanisms in both training and studies.

The meeting reviewed the latest developments in the GCC financial markets and exchanged the states' views.

 






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