MUSCAT: Muscat Clearing and Depository Company (MCDC) has unveiled a new regulatory framework aimed at enhancing transparency, professionalism, and trust within Oman’s capital market. The framework acts as a legal reference for all company operations, clearly outlining the rights, responsibilities, and obligations of MCDC, its clients, and other stakeholders benefiting from its services. By establishing well-defined operational rules, the framework strengthens confidence in market activities and ensures participants have a clear understanding of their duties and entitlements.
Developed in collaboration with a global expert firm, the new rules form a key part of MCDC’s compliance with the Securities Law and support Oman’s “2024 Vision” alongside the company’s five-year strategic plan (2024–2028). Special attention was given to align these rules with international best practices while tailoring them to Oman’s financial ecosystem. This ensures the capital market remains efficient, transparent, and competitive while contributing to broader economic growth and attracting foreign investment.
The framework encompasses a wide range of operations, including membership in MCDC, management of securities accounts, maintenance of the central securities register, and handling of mortgages, seizures, and collateral. It also provides guidance for depository, clearing, and settlement services, as well as corporate actions such as dividend distributions, cash entitlements, and share allocations. Additionally, the rules address bilateral securities lending and borrowing, a newly introduced practice, ensuring that all market transactions are conducted within a structured and transparent system.
Mohammed bin Saeed Al Abri, CEO of MCDC, highlighted that the framework supports the company’s digital transformation initiatives and the launch of new activities aimed at increasing market efficiency and service quality. He emphasized the importance of stakeholder engagement, inviting investors and participants to provide feedback that can enhance professionalism, transparency, and overall service delivery. The initiative positions MCDC and Oman as a trusted hub for capital market activities while reinforcing the country’s commitment to a sustainable and investor-friendly financial environment.
