GCC regulators discuss market integration proposals
In a statement at the end of the meeting, HE Abdullah Al-Turifi, Emirates Securities and Commodities Authority (SCA) Chief Executive Officer, said the committee had discussed and adopted most of the articles of the SCA-initiative, which calls for the integration of GCC securities markets according to the timetable referred to the committee by the Ministerial Committee, adding that the SCA initiative touched on a number of issues dealing with the adoption of common securities market policies and regulations, studying the possibility of issuing unified license, subscriptions and listing for public joint stock companies, innovating common regulations for securities market-related issues in member states and expanding the investor base on the markets by encouraging the setting up of public joint stock companies, boosting GCC securities markets elements and factors, activating corporate governance regulations and setting up for these purposes working groups which will make recommendations in this regard to the committee.
