Memoranda of Understanding

A Memorandum of Understanding for the Financial Cooperation between the Syrian Commission on Financial Markets and Securities and the Security Exchange Organization (SEO) of Iran 2015-05-14


Dr. Abdul Rahman Merhi; the Chairman of the Board of Commissioners for Syrian Commission on Financial Markets and Securities (SCFMS), and Dr. Mohamad Fetnat; the Chairman of the Security Exchange Organization (SEO) of Iran had signed a Memorandum of Understanding for the purpose of the mutual cooperation, and the facilitation of their information exchange.

    Such was done with the attendance of Dr. Ali Yousf; the Vice Chairman of the Syrian Commission on Financial Markets and Securities (SCFMS), Mr. Mohand Aloush; the Syrian Counselor in Tehran, Mr. Al Seedy; a Board of Commissioners’ Member at the Security Exchange Organization (SEO) of Iran, and the Iranian Stock Exchange and many of the Syrian Board of Commissioners’ Members.

   The Memorandum of Understanding aimed at protecting the investor, and supporting the safety of the Securities Markets. Through the providing of a cooperation framework, raising the mutual understanding, exchanging the information, and assisting in the investigations to the allowed limit by the laws and practices of the two Commissions.

   The Memorandum of understanding included the providing of the technical assistance and training between the Syrian Commission on Financial Markets and Securities (SCFMS), and the Securities Exchange Organization (SEO) of Iran. And the Cooperation among the Capital Market’s Institutions for the two countries .

In addition to facilitate the obstacles that face the investors, and exchange the Training Courses, the experts’ visits, and the scientific researches, printings, the issuances, and the publications in the Field of the Capital Sector.

   And worth to be mentioned, that the Memorandum of Understanding was signed on the works’ margin of the Seventh International Conference for the Islamic Capital Markets; that has ended- up its activities on the Fifth (5)th of May for 2015, with the participation of (35) thirty five countries.

Syrian Commission on Financial Markets and Securities (SCFMS) and Tishreen University had Signed a Memorandum of Understanding 2014-12-24


Dr. Abdul Rahman Merhi; the Chairman of the Syrian Commission on Financial Markets and Securities’ (SCFMS) Board of Commissioners, and Dr. Hany Shaban; the Head of Tishreen University had signed a Memorandum of Understanding for the purpose of strengthening the cooperation between the two parties.

And for achieving a fruitful cooperation between the Higher Education Institutions at the Syrian Arab Republic and the Syrian Commission on Financial Markets and Securities.

With the attendance of Dr. Basam Hassan; the Vice Head of Tishreen University for the Higher Studies and Scientific Research Affairs, Dr. Youssef Mahmoud; the Dean of Economy College at Tishreen University, Dr. Lyla Al Tawel; the Vice Dean of the Economy College for the Scientific Affairs, and Dr. Ali Yousf; the Deputy Chairman of the Syrian Commission on Financial Markets and Securities’ (SCFMS) Board of Commissioners.

   The Memorandum of Understanding aimed at spreading the Investment’s Notions in Securities, identifying the importance of the Commission’s control and supervisory roles on each of Damascus Securities Exchange (DSE), the Joint – Stock Companies and the Financial Services and Intermediary Companies, and correlating the Education’s Notions with the work’s Market.

   The Memorandum of Understanding included the cooperation in the Fields of researches, developments, designing the training and Education’s Programs, participating at the activities and occasions of the two parties and exchanging the visits.

    It stated that the two parties will abide by submitting the technical and consultancy Experiences, the studies, and researches. And facilitating and supporting the communications with the specialized persons to make benefit from their experiences.

   The Memorandum of Understanding referred to the formation of a Common Committee that included representatives for the two Entities.

Its task was to follow – up the execution of this memorandum of Understanding, and work toward its development to achieve a mutual cooperation agreement.

Bilateral MOU with the Omani CMA 2010-07-08


Arising from the unique relationship between the Syrian Arab Republic and Oman, wishing to promote and develop cooperation based on mutual interests, and in the light of the talks between the parties, an MOU is signed between the SCFMS and the Omani CMA on cooperation and exchange of information in Damascus on 08.07.10.

IOSCO MMOU 2010-06-10


The Syrian Commission on Financial Markets and Securities signed the IOSCO Multilateral Memorandum of Understanding that aims at enhancing the ties of cooperation between the signatories.


The signing ceremony took place during the event of the 35th Annual Conference of the International Organization of Securities Commissions on June 9 – 10, 2010 in Montreal, Canada. The Commission was represented by Dr. Mohammed Imady, the Chairman.

Bilateral MOU with the Federal Financial Market Service (FFMS) 2009-09-28


The Syrian Commission on Financial Markets and Securities signed an MOU with the Federal Financial Market Service in Moscow, Russia on 28.09.09.

Bilateral MOU with the Capital Markets Board of Turkey (CMB) 2008-01-04


The Syrian Commission on Financial Markets and Securities signed an MOU with the Capital Markets Board of Turkey in Istanbul, Turkey on 04.01.08.

Bilateral MOU with the UAE Securities and Commodities Authority 2006-12-19


The Syrian Commission on Financial Markets and Securities signed an MOU with its sister the UAE Securities and Commodities Authority in Abu Dhabi, UAE on 19.12.09.

Bilateral MOU with the Iraqi Securities Commission 2006-12-03


The Syrian Commission on Financial Markets and Securities signed an MOU with its sister the Iraqi Securities Commission in Damascus on 03.12.06.

Bilateral MOU with the Central Bank of Syria 2006-11-01


The SCFMS has concluded an agreement with the CBS for the following issues:

(1) double disclosures submitted by banks and their requirements,

(2) conditions for accrediting auditors,

and (3) banks wishing to engage in brokerage and financial services business.

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