Media ININ Economy We Trust
27-04-2019 Media in\ Abu Dhabi
The Capital Market Advisory Council recommended at the end of its third meeting in Abu Dhabi the need to coordinate on enabling market makers to select securities for their market industry, balancing liquid and liquid liquidity securities, holding workshops to raise awareness of the role of market maker liquidity providers, Companies to increase free trading ratios to increase liquidity in the markets, the need for a clearing company in accordance with the requirements of market promotion, and the availability of fixed income instruments such as bonds to individual investors.
The meeting was held under the patronage and guidance of Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Board, where representatives of the Authority’s partners / regulatory bodies, markets and financial services companies were consulted on a number of topics related to the securities industry.
The participants were briefed on the development and enhancement of the role of the market maker, institutions that provide comprehensive and integrated financial services, a road map for the launch of derivatives as a new financial product in the country’s financial markets, the governance of public shareholding companies and the efforts made by the Commission to adopt operational rules for markets. Through the holding of meetings and the conduct of communications and correspondence with various market makers to study the challenges and constraints and develop solutions in coordination with the financial markets.
With regard to the consolidated accounts, the participants in the meeting were briefed on the discussions with the markets for the regulation of these types of accounts, the development of solutions to their caveats and the efforts being made in coordination with the markets to prepare the operational requirements of the consolidated accounts in accordance with an agreed legal framework.
