The third meeting of the heads of securities regulators in member states of the Gulf Cooperation Council (GCC) was held here yesterday.
The meeting, presided over by Abdullah Al Turaifi, Chief Executive Officer of the Emirates Securities and Commodities Authority (SCA), discussed a number of issues, including proposals from the UAE, Qatar and Kuwait.
The UAE proposal deals with the restructuring of the financial regulatory systems, while the Qatari and Kuwaiti proposals deal with the signing of memorandum of understanding among GCC regulators to boost cooperation and the setting up of a resource centre for GCC securities markets respectively.
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