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APR 13 2024

Last Data Update

APR 12 2024

Royal Decree No. 46 /2022 Promulgating Securities Law

We, Haitham bin Tarik, the Sultan of Oman After perusal of the Basic Law of the State; and The Capital Market Law enacted by Royal Decree No. 80/98; and The Commercial Companies Law enacted by Royal Decree No. 18/2019; and After presentation to the Council of Oman; and In pursuance of the public interest Have Decree the following
First Article

The attached Securities Law shall have effect.

Second Article

The Chairman of the Board of Directors of the Capital Market Authority shall issue the Executive Regulation of the attached Law within one year as of the date this law having effect, and shall issue the decisions required for implementation of its provisions. Until such issuance, the applicable regulations and decision shall continue to the extent they are not inconsistent with the provisions of the attached law.

Third Article

Any person addressed by this law shall adjust their statuses in accordance with its provisions within six (6) months from the date it is issued. The Board of Directors of the Capital Market Authority may extend the term for another six (6) months.

Fourth Article

The articles of the Capital Market Law, except Articles 46 to 58, shall be repealed as well as anything infringing this decree or the attached Law or inconsistent with its provisions.

Fifth Article

This Decree shall be published in the Official Gazette and shall have effect on the day following the date of publication.