Representatives from over 70 countries expected at IOSCO Emerging Securities Markets Committee meeting

Published November 9th, 2000 - 02:00 GMT

The Jordan Securities Commission (JSC) expects representative from over 70 countries to attend the International Organisation of Securities Commissions (IOSCO) Emerging Markets Committee meeting to be held Nov. 17-21, a statement from the JSC said on Tuesday.  

 

The meeting, held under the patronage of His Majesty King Abdullah, is the first time that such an international conference will take place in the Middle Eastern region.  

 

Securities regulators from all over the world, including Asia, Africa, North America, South America and Europe will come to Amman to participate in the four-day conference.  

 

The committee will discuss issues that have a direct and vital interest to security market regulators in emerging markets. Participants will examine the regulatory impact of privatisation and alliances of stock exchanges, since these changes are having a far-reaching impact on the regulations overseeing capital markets. They will also discuss the regulatory perspective of Internet related market development.  

 

In addition, members will look at the regulatory and market changes taking place in the Middle East and Africa, focusing on the impact globalisation will have on these markets.  

 

“We are enthusiastic about the level of participation in the conference and expect the number of attendees to continue to rise in the next 10 days. The IOSCO Emerging Markets Meeting is an important step in the JSC's continued effort to work with the international community and promote Jordan's Capital Market,” said Bassam Saket, executive chairman of the JSC.  

 

The Jordan Securities Commission is successfully providing the regulatory environment to achieve a sound and transparent securities market in the Kingdom and protecting shareholders, investors and the public from irregular market practices.  

 

The JSC monitors the Amman Stock Exchange, the Securities Depository Centre, financial service companies, public shareholding companies, investment funds and certified financial professionals. The JSC is also responsible for licensing these entities and issuing the rules and regulations for them. In addition, the JSC regulates the disclosure of information and the licensing on financial services companies and certified financial planners.  

 

IOSCO was established to promote high standards of regulation in order to maintain just, efficient and sound markets. It promotes the exchange of information to assist the development of domestic markets. IOSCO has established standards for the effective surveillance of international securities transactions. It also provides assistance to promote the integrity of the markets by a rigorous application of standards. ― (Jordan Times)

© 2000 Mena Report (www.menareport.com)

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