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February 15 2017
Securities and Exchange Organization of Iran participated in the 38th meeting for Africa/Middle-East Regional Committee (AMERC) as one of the four main committees of International Organization of Securities Commissions (IOSCO). The participants included chairs and vice-chairs from countries like Oman, United Arab Emirates, Ghana, Tunisia, Dubai Financial Center, South Africa, Kuwait, Saudi Arabia, to name a few. The emphasis of this committee is mainly focused on cooperation elevation and information-exchange facilitation of financial regulators and supervisors in the MENA region. The preliminary theme of this time was shifted to an Enhanced Multilateral Memorandum of Understanding (EMMOU) which signatory members are encouraged to sign as well as the ongoing process of the original MMOU and the member countries who are in the process of being a signatory of; among which Iran also is a candidate. An underlying topic touched upon was the risks arising in the AMERC region. With the global developments in 2016 like Brexit, the new US President and some political unrest in the region, the committee took the opportunity to discuss and come up with some ideas on how to make the financial markets in the region resilient enough to handle potential financial crises. SME financing, investor protection and education, and the opportunities and challenges of new financial technologies (fintech) were also in the limelight. The committee encompasses 23 ordinary and 12 associate members gathered in this two-day event in Abu Dhabi, UAE.