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Running Head: CAPITAL MARKET AUTHORITY
Capital Market Authority
CAPITAL MARKET AUTHORITY
By following the term, Capital Marketing Authority, this is a government regulating
agency which is an independent one and its work is to supervise, giving out license and
also indicating the activities done by the intermediaries with an involvement of exchange
of stock as well as the central depository, system of settlement and also all the other
individual who are already licensed with this Capital Market Authority Act (Authority, C.
Capital Market Authority it also acts towards the provision of regulation for the sectors
which deals with money all of their full time, this is by providing them with guidelines on
the allocation of the asset. This Capital Marketing Authority was established by Capital
Market Law with an aim of helping them in their daily duties since it could not make it
while alone. This Act deals with the borrowing of money from the bank and lending
them. Capital Marketing Authority also deals with buying, charging and doing away with
all both the transferable and those which are not transferable (Gertler, & Rogoff, 1990).
The Act normally consists of the chairperson who will be in control of the Act; the
President is the one who is allowed to select the chairperson on the recommendation of
the minister. There are also other members around six of them who are been appointed by
the ministers. Since in the act there should be some writing which is put down for future
references, then the act needs to have a secretary who is permanent to the treasury for this
writings. There is also the person who is normally deputed for due to writing purposes
towards this Capital Marketing Authority by him or the Central Bank Governor, the
Attorney General and then finally we have the Chief Executive of Capital Marketing
Authority (Simmons, 2001).
CAPITAL MARKET AUTHORITY
There are also those main objectives which are been played by the Capital Market
Authority in different area like in Dubai and Oman. These objectives they normally vary
in the two areas since the Capital Market Authority also varies. For examples like in
Dubai, these objectives include facilitating the use of electronic commerce in order to
improve market income and this is only done by changing the framework to modern one
in Dubai. Facilitate a lot of contribution towards the general public in the stock market
which is mostly done through the facilitation of the existences of all those stock systems
which are countrywide and make them strong and also brokerage services.
They also improve all the monetary features in the market with a certain importance
towards the elimination of the obstructions. They also act in the formation of the
motivations so as to make the investment in production enterprises longer than it was
there before and make a lot of the protections towards the attentions of the shareholders.
They also deal towards the compensation operation fund with an aim of protecting those
shareholders from losing their money to from the failure of licensed intermediates so that
they can meet their contractual responsibility (Fischel, 1978).
While in O...
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