Rules and Regulations -  Muscat Securities Market

MSM has in place a very elaborate and stringent set of regulations to ensure transparency and the fairness of execution for all investors.

Primary among them are the following: 

• Order execution is based on the Unique Shareholder Number, thus reducing the risk of misplaced deals.

• Timely entry of orders gives priority to investor in trading. 

• Price cutoff mechanism at 10% of previous closing level reduces the possibility of off-base prices for market orders.

• Board member transactions are announced upon execution on a special news screen on the trading floor, thus reducing price manipulation.

• Strict control over brokers on the floor to ensure best professional conduct by brokers. 

• New regulations aimed at preventing insider trading impose huge fines and criminal proceedings on persons indulging in deals based upon unpublished information.

• Regulations require public companies to disclose any information that could materially affect trading of any scrip in the market.

• Public companies are required to appoint an Internal Auditor/Compliance Officer, reporting to the board, in order to boost internal controls.