At its 20th annual Board meeting, hosted remotely by the Financial Market Council of Tunisia, the Union of Arab Securities Authorities approved the Union’s 2025 annual report, 2025 financial statements, 2026 budget forecast and 2026 training plan, and reviewed the Union’s 2026 work plan and programme. The Board also advanced several policy and governance items, including publication of guidance on cross-border activities, market risks and cybersecurity cooperation, while opening member consultation on the Union’s third strategic plan for 2026–2030. The meeting reviewed progress under the 2021–2025 strategic plan across capital market development, risk mitigation, liquidity and sustainability, financial technology, cyber risks, investor education and financial inclusion. The Board instructed the General Secretariat to publish, after incorporating members’ comments, guidelines on cross-border financial activities and capital flows, best practices for addressing market risks, a guiding framework for cooperation in cybersecurity, and a booklet covering Union activities during the 2021–2025 strategic plan period. It also mandated implementation of a self-learning initiative for training and capacity building, asked the General Secretariat to follow up on outstanding member contributions and related regulatory amendments, and authorized the Secretary General to sign a Memorandum of Understanding with the Accounting and Auditing Organization for Islamic Financial Institutions once the necessary procedures are completed and provided the arrangement creates no financial or legal obligations for the Union. Hatem Samiri, chief executive of the Financial Market Council of Tunisia, assumed the Union presidency for its twentieth session. Amendments to the Union’s Basic and Internal Regulations were deferred until a comprehensive package can be prepared to reflect the Union’s new independent legal personality under a United Arab Emirates Cabinet resolution. The draft 2026–2030 strategic plan will be circulated to members for comments before later adoption, and the General Secretariat will coordinate with members on the date and venue of the next Board meeting.
Union of Arab Securities Authorities 2026-05-11
Union of Arab Securities Authorities approves 2025 accounts and 2026 plans and circulates draft 2026 to 2030 strategy
The Union of Arab Securities Authorities held its 20th annual Board meeting, approving the 2025 annual report and financial statements, the 2026 budget forecast and training plan, and reviewing the 2026 work plan. The Board instructed publication of guidance on cross-border financial activities, market risks and cybersecurity cooperation, launched consultation on the 2026–2030 strategic plan, and authorized a Memorandum of Understanding with the Accounting and Auditing Organization for Islamic Financial Institutions, subject to no financial or legal obligations.