Capital Market Modernization. (a) Updating and Strengthening the Legal and Regulatory Framework
Capital Market Modernization. Updating and Strengthening the Legal and Regulatory Framework Conducting a comprehensive review of the existing legal and regulatory framework for capital market and preparing a new capital market law through the provision of consultants’ services. Preparing the executive regulations for the new capital market law and the operating rules of the stock exchange, central depository and the clearing house through the provision of consultants’ services. Adopting new licensing regimes for capital market participants in line with the new capital market law through the provision of consultants’ services. Supporting the State Committee for Securities (SCS) and the tax authorities in the development of a policy for a favorable tax environment to attract capital market participants and transactions through the provision of consultants’ services. Supporting the SCS and the relevant competent authorities in the development of a policy and regulatory framework to allow pooled investments by insurance companies through the provision of consultants’ services. Introducing appropriate capital market adequacy and risk assessment methods for capital market participants through the provision of consultants’ services.
