Muscat Daily, 26 July 2026: On 26 July 2026, the Financial Services Authority (FSA) published the Executive Regulation of Oman Sultani Decree No. 46/2022 on the Issuance of the Securities Law in the Official Gazette, establishing a comprehensive framework to modernise Oman’s capital market, strengthen investor protection and support financial innovation.
Approved by FSA Chairman Dr Khamis bin Saif al Jabri, the regulation provides detailed rules to implement Oman Sultani Decree No. 46/2022. It introduces clearer obligations for capital market institutions, minimum capital requirements, and risk‑based supervisory provisions covering capital adequacy, market and credit risk, operational resilience and business continuity.
Key reforms include:
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Investment banking regulation: Investment banks are authorised to undertake investment management, product structuring, portfolio management, research, advisory services, issue management and underwriting.
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Crowdfunding framework: Revised rules to support SMEs and micro‑enterprises, encouraging innovative financing.
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Fintech licensing: The FSA may license fintech services and innovative instruments through a regulatory sandbox.
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Banking separation: Commercial banks must transfer securities activities to independent entities within three years, except for custody, trust and underwriting services.
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Fee structure: A revised regime balances regulatory requirements with lower compliance costs.
The regulation takes effect the day after publication, with institutions required to regularise their status within six months. Licensed banks have up to three years to comply with structural separation requirements.
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