COMCEC Financial Outlook 2018
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3.3 On-Going Activities under the COMCEC
3.3.1 OIC Member States Stock Exchanges Forum
COMCEC initiated the cooperation among Stock Exchanges of the Member States in 2005 and
"OIC Member States Stock Exchanges Forum" was established in this regard. The Forum focuses
on the harmonization of the rules and regulations governing market operations, as well as
opening communication channels for the stock exchanges of the OIC Member Countries and
relevant institutions.
The Forum provides a regular cooperation platform for the Stock Exchanges of the member
countries to share their experiences and knowledge on harmonizing the rules and regulations
governing market operations, as well as for increasing the amount of international portfolio
investments flowing to the OIC Member States.
The Forum has convened twelve times till now and has achieved remarkable progress in
deepening cooperation among the Stock Exchanges of the Member States. It has completed its
work regarding the S&P OIC/COMCEC Index. The Index, launched on June 22nd, 2012, in
Istanbul, was designed to measure the performance of 50 leading companies from the 19
member states of OIC. The official launching ceremony of the Index was held during the 28th
Session of the COMCEC.
In line with the relevant resolutions of the COMCEC Sessions, the Forum has also been working
on COMCEC Gold Exchange project”. The detailed information regarding the activities of the
Forum is available on .
3.3.2 COMCEC Capital Markets Regulators Forum
In line with the relevant resolutions of the 25th and the 26th Sessions of the COMCEC calling for
developing a cooperation mechanism for capital markets regulatory bodies of the Member
States, the COMCEC Capital Markets Regulators Forum was established in 2011.
The Forum aims at increasing coordination and cooperation in regulatory and legal
infrastructure with a view to achieving more harmonized policies and regulations among the
OIC Member States, supporting market development and reinforcing capabilities of regulatory
authorities. The Forum has held 7 meetings so far.
In line with the relevant resolutions of the COMCEC Sessions, the Forum has been working on
COMCEC Real Estate Exchange project.
3.3.3 Cooperation among the Central Banks and Monetary Authorities
The 16th Meeting of the Central Banks and Monetary Authorities of the OIC Member States was
held on September 23-25, 2018 in Antalya, Turkey. In line with the relevant resolution of the
15th Meeting, two technical background papers in the following areas: Financial Inclusion and
the OIC Economic Outlook were reported to the Meeting.