Background

While banks have traditionally dominated the financial systems in most MEFMI countries, recent trends underscore the growing significance of securities markets as a viable alternative for public and private enterprises to raise long-term capital. In many MEFMI countries, non-bank financial entities are increasingly recognized for their substantial asset bases and their potential to play a more pivotal role in the overall financial ecosystem. Over the past few years, digital transformation has accelerated, giving rise to innovations such as digital securities, blockchain-based trading platforms, and advanced data analytics. These evolutions are not only enhancing transparency and efficiency in the markets but are also reshaping regulatory priorities.

Building and maintaining confidence in both traditional and emerging market segments—while safeguarding investor interests—remains crucial to the development of a robust financial system. Regulators now face the dual challenge of upholding time-tested oversight practices while adapting to new market realities, including the regulation of algorithmic trading, digital assets, and the integration of environmental, social, and governance (ESG) factors. As a result, the regulatory framework now extends beyond the conventional oversight of stock exchanges and listed entities to also encompass securities market intermediaries and advanced market infrastructures. Regulators exercise oversight not only on the issuance, trading, and settlement of conventional securities but also on the evolving digital platforms that facilitate these activities, ensuring market integrity across both traditional and technologically innovative environments. This workshop is designed to familiarise participants with the core elements of securities markets regulation while examining both traditional frameworks and recent digital developments.

Objectives

To familiarise participants with:

• securities markets business entities.

• Securities markets regulatory models.

• Global best practice in securities regulation.

• Risk-based supervision in securities markets; and

• Regional trends and challenges in securities regulation.

Course Content

The course will cover the following:

• the main regulatory models for Securities markets.

• the key aspects of a functional securities market.

• the global standards for securities regulation.

• risk-based supervision (RBS).

• the rationale and impact of investor education drives; and

• regulatory due diligence for supervised entities (including broker-dealers, stock exchanges, issuers of securities, asset management companies.)

Target Group

Junior to middle level professionals responsible for regulation of securities markets at the respective regulatory institutions.