Emerging markets of the Middle East: A critique of selected issues in Arab securities regulation

Abstract

This paper examines comparative aspects of Arab securities regulation. It provides a general introduction, overviews the aims of securities regulation and the UK regulatory framework, and outlines the obstacles facing equity financing under Shari'a and hindrances to effective Arab securities regulation. It accounts for the major macroeconomic reasons which have enhanced interest in Arab securities markets, examines lack of Arab rules on fraud, insider dealing and possible contractual remedies. It concludes with a case study shedding light on the term ‘securities’ as understood by Article 3 of the 1997 Jordanian Securities Act.

Citation

Minwer Al‐Rimawi, L. (1999), "Emerging markets of the Middle East: A critique of selected issues in Arab securities regulation", Journal of Financial Regulation and Compliance, Vol. 7 No. 2, pp. 149-176. https://doi.org/10.1108/eb025005