JSC takes new decisions to encourage investment and enhance confidence in the financial market
23-Mar-2016
The JSC has taken a number of decisions aimed at encouraging investment and enhancing investor confidence in the financial market, in addition to avoiding, managing and mitigating potential risks if they occur. These decisions come in line with the authority's approach to developing and updating instructions and procedures to meet the needs emerging this year and likely to emerge in the future.These decisions are represented by the creation of four new divisions: the Sukuk at the Issuance Department, the Anti-Money Laundering and Terrorist Financing at the Licensing and Inspection Department, the Strategic Planning and Risk Management at the Research and International Relations Department, and the Technical Audit at the Internal Audit Department.
This step aims to raise the efficiency of institutional performance in the authority and achieve more progress and excellence in line with the developments currently witnessed by capital market institutions and in application of the latest and best international practices that would enhance confidence in capital markets and raise levels of transparency and disclosure and improve performance.