Muscat: The Capital Market Authority (CMA) has imposed a penalty on Aman Real Estate Investment Fund for breaching the provisions of Article 61 of the Regulation for Real Estate Investment Funds for failure to disclose the resolution of the general meeting via the stock exchange website.
Article 61 of the Regulation stipulates that the resolutions of the general meeting must be disclosed via the stock exchange’s website before the trading session on the first trading day after the date of the general meeting.
CMA emphasizes that all regulated entities must comply with the regulations to ensure fairness, equality, and protection for all the parties dealing in the securities sector, as disclosure is a key principle of the securities markets and an important benchmark for measuring the efficiency of the security and the market.
It may be noted that CMA is concerned with providing timely quarterly and material information on the issuers of securities coupled with soundness and accuracy for all consumers.
The disclosure process through the stock exchange’s website, as a central point for dissemination of issuers’ information, provides fairness for the consumers and boosts the level of confidence of investors in the Omani capital market to attract foreign and local capital.
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