COMCEC Financial Outlook 2018
29
establishing a real estate securities trading platform among COMCEC countries by
understanding types, market structures and regulatory features of real estate securities market
in the member countries.
3.3 On-Going Activities under the COMCEC
3.3.1 OIC 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 34th Session of the COMCEC took note of the briefing by
Secretariat of the OIC Exchanges Forum on the efforts of the Forum’s Task Force on Precious
Metals to accelerate the OIC Gold Exchange Project through utilizing the newly developed
trading and safekeeping infrastructures of Borsa İstanbul. 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.
In line with the relevant resolutions of the COMCEC Sessions, the Forum has been working on
COMCEC Real Estate Exchange project. The 34th COMCEC Session took note of the briefing by
the Secretariat of the COMCEC Capital Market Regulators Forum on the establishment of the
COMCEC Real Estate Electronic Platform/COMCEC Real Estate Exchange among the interested
OIC Member States and requested the Forum/the Forum’s Secretariat to finalize necessary legal,
administrative and technological preparations for the establishment of the COMCEC Real Estate
Electronic Platform/COMCEC Real Estate Exchange before the 35th Session of the COMCEC. The