Oman's Financial Service Authority: Updating Regulatory Framework

In a significant move to support Oman's financial outlook, the recent issuance of the Royal Decree 20/2024 establishing the Financial Services Authority marks a pivotal role in the country's regulatory framework. With its extensive mandates, the Authority redefined the structure of Oman's financial sector.

Financial Governance

At the core of the Royal Decree, the Financial Services Authority regulates and supervises various financial sectors comprehensively. From capital markets to insurance companies, and commodity trading to credit rating agencies, the Authority's jurisdiction spans across various segments of Oman's financial system. By ensuring the stability of these sectors, the Authority sets the stage for growth and investor confidence.