Oman: Capital Market Authority to fine-tune directives
Oman’s Capital Market Authority (CMA) stated it will fine-tune market directives, specifically the corporate disclosure norms. The move, according to CMA, is to protect investors, at large, from the risks of unfair practices such as insider trading, if any.
"The CMA's market monitoring system is always on high alert, and will investigate any abnormal movements. We have formed a task force to review all relevant norms including the disclosure norms, and fine-tune them for the benefit of investors," MSM Chairman and CMA's Executive Vice-President, Regulatory Affairs, Abdullah bin Salem Al Salmi said.
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