Under the patronage of the King Abdullah, the Jordan Securities Commission (JSC) will host the International Organization of Securities Commissions (IOSCO) Emerging Markets Committee Meeting Nov. 17-21, 2000 in Jordan, a statement by the JSC said.
This is the first time that such a meeting will take place in the Middle East region. Security regulators from 70 countries of the world will gather together in Amman to participate in the four-day conference.
“IOSCO is very pleased to be meeting in Jordan, which has successfully transformed its capital market in the last three years by establishing the Jordan Securities Commission, the Amman Stock Exchange and the Securities Depository Centre,” stated Peter Clark, IOSCO secretary general.
The meeting, which will include a one day public conference, will focus on vital issues related to securities market regulation in emerging markets. Participants will discuss the regulatory impact of stock exchange privatization and alliances.
A significant portion of the world securities exchanges has either initiated, or are seriously considering initiating a privatisation process. At the same time, a growing number of exchanges are entering into commercial regional and international alliances.
These changes are having far-reaching impact on the regulations overseeing capital markets, which will be discussed by the conference participtants.
Internet-related market developments have, during the past few years, also been substantial. Participants will consider them from a regulatory perspective.
In addition, they will look at the regulatory and market changes specifically taking place in Africa and the Middle Eastern region, focusing on the significant efforts being made to meet the challenges of globalization.
Finally, EMC members will review during a special session all the ongoing work in progress within its permanent specialized working groups and discuss short-term and long-term orientations of the committee's work.
“We are delighted that the Emerging Markets Committee of IOSCO has decided to accept the invitation of the Jordan Securities Commission to meet in Amman. This is a continuation of JSC's effort to fully participate in the international community's regulatory and cooperative efforts while actively promoting the development of the Jordan's financial market. This is a distinguished opportunity for decision-makers in the emerging capital markets to meet and share their insights into the future of their country's emerging markets which cooperate in the development of high level common international regulatory standards,” stated Bassam K. Saket, executive chairman of the Jordan Securities Commission. — (Jordan Times)
© 2000 Mena Report (www.menareport.com)