الهيئة العامة للرقابة المالية

•  FRA shared its expertise in effectively regulating trading markets, striking a balance between maintaining market stability, safeguarding investor rights and fostering continued growth and development.
• The training program, attended by representatives from the Jordanian Securities Commission, Amman Stock Exchange, and the Securities Depository Center, provided a comprehensive overview of Egypt’s approach to regulating trading markets.
• Over three days, FRA departments delivered eight virtual lectures, covering key aspects of the Egyptian regulatory framework

FRA hosted a three-day virtual workshop via Zoom, beginning last Monday, to enhance the capabilities of the Jordanian Securities Commission, Amman Stock Exchange and the Securities Depository Center.

The workshop focused on key aspects of market regulation and supervision, sharing FRA’s expertise and best practices.

The event aimed to strengthen collaboration between the two regulatory bodies and contribute to the overall competitiveness of Arab capital markets.

This workshop aligns with FRA’s commitment to strengthening bilateral relations with Jordan and implementing the Memorandum of Understanding signed between the two regulatory bodies.

The MoU, a result of the 32^nd  session of the Egyptian-Jordanian Joint Higher Committee, emphasizes the significance of information sharing and knowledge exchange between the FRA and Jordan Securities Commission as a means of strengthening regulatory cooperation and promoting a more integrated Arab capital market.

The workshop aimed to foster knowledge transfer, enhance regulatory expertise, and showcase FRA’s commitment to promoting market safety, stability, and the development of a robust legal framework for the non-banking financial sector.

This collaborative effort sought to familiarize the Jordanian Securities Commission with FRA’s expertise in market regulation, aiming to enhance the implementation of securities laws and regulations in Jordan.

Recognizing Egypt’s leading role in financial market regulation, the Jordanian Securities Commission sought to leverage FRA’s experience and insights.

As one of the oldest and largest Arab capital markets, Egypt’s market has a well-established reputation, both regionally and internationally.  FRA, as the primary regulator of Egypt’s non-banking financial sector, plays a crucial role in maintaining market stability and integrity.

The Jordanian Securities Commission (JSC) supervises and regulates issuance and listing of securities, ensures that issuers disclose material information to investors.

The JSC also regulates licensing and accreditation of securities companies, monitors their activities on Amman Stock Exchange and foreign exchanges, and regulates trading held by domestic and foreign investment entities on Amman Stock Exchange.

Mr. Mohamed Elsayyad – FRA Deputy Chairman welcomed the participants and inaugurated the workshop.

FRA representatives delivered a specialized training program on financial market regulation, designed to enhance the capabilities of officials from the Jordanian Securities Commission.

The three-day training program comprised eight virtual lectures covering a wide range of topics, including stock issuances, purchase offers, market research, investment fund management, securitization and sukuk, trading surveillance and settlement processes.

The training program covered a wide range of topics, including automated surveillance system and understanding associated risks such as operational, regulatory and security risks. That is in addition to other lectures that tackled the procedures set for establishing and licensing non-banking financial companies, inspecting brokerage firms and adhering to corporate governance and disclosure requirements.

The workshop also introduced Egypt’s experience in restructuring and developing non-banking financial sector, highlighting the 2009 merger process that led to the establishment of the Financial Regulatory Authority (FRA).

Moreover, the workshop shed light on FRA’s efforts to establish robust regulatory frameworks, protect consumer rights and promote market efficiency and transparency.

Underscoring the alignment of these initiatives with relevant international legal frameworks and the principles of the International Organization of Securities Commissions (IOSCO).