The Jordan Securities Commission participated in the nineteenth annual meeting of the Council of the Union of Arab Securities Authorities, held remotely in Algeria with more than 40 representatives from regulatory bodies across 15 Arab countries. The meeting reviewed the Union’s progress and financial position for 2024 and discussed priority workstreams for 2025. Agenda items included the Union’s 2024 achievements, financial statements, annual report, auditors’ report and audited final accounts, as well as its estimated budget and 2025 training plan, alongside a memorandum on the Union’s legal form. The Council also reviewed memoranda covering guidelines for issuing Islamic sukuk in Arab capital markets, the dealings of financial services companies in Arab capital markets with foreign stock exchanges, facilitating due diligence and know your customer requirements in financial and banking institutions, and enhanced cooperation on financial technology and cyber risks. A proposal was presented to form working groups to implement the Union’s strategic plan across five pillars, including legislative convergence and a multilateral memorandum of understanding, AML and counter-terrorist financing cooperation and work on alternative finance and SME funding, market risk best-practices guidance and a study on liquidity support, common sustainability principles, investor education and inclusion initiatives, and capacity-building for staff and member authorities. Kuwait was identified as the venue for the next Council session.

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