GCC Heads of Capital Market Authorities Committee, emanating from the Ministerial Committee for Capital Markets in GCC, have approved the executive plan of the initiative that aims to ease requirements for opening investment accounts and activate Know Your Customer (KYC) model. This came during the 25th Capital Market Authorities Committee meeting, which was held yesterday via video conferencing. The meeting dealt with a number of topics, foremost of which is the adoption of the regulatory framework for the inter-registration of financial products between capital market regulators in the GCC's member states.
