send to a friend by email

PCMA and JSC signed memorandum of understanding

2018-02-05

Palestine Capital Market Authority PCMA and Jordan Securities Commission JSC signed a memorandum of understanding in order to exchange experience in the supervision and controlling of the securities market between the supervisory bodies especially in the development of legal and regulatory frameworks in the field of Islamic finance and the issuance of Islamic Sukuk. Also, it aims to reinforce the mutual corporation in the financial inclusion in the sectors that are controlled by both authorities, additionally to exchanging experiences in the field of corporate governance of the listed public shareholding companies. The memorandum of understanding also aims to provide a means to enhance the investors’ protection through mutual exchange of regulatory information based on the applicable legal frameworks and relevant international principles, in particular of those issued by the International Organization of Securities Commissions IOSCO which both authorities are members