The Inclusion of A New Assortment of Services Is Considered to Meet the Needs of Capital Market Professionals
An Initiative by BUiD to Employ Blockchain Technologies to Improve SCATC's Services and Transfer Knowledge
The Board of Trustees of the Securities and Commodities Authority's Training Center (SCATC) convened a meeting chaired by H.E. Dr. Obaid Saif Al Zaabi, CEO of SCA, to discuss enhancing SCATC's performance. The Board of Trustees also made a number of decisions on SCATC's developments and plans for the coming period.
This meeting follows a decision by H.E. Eng. Sultan bin Saeed Al Mansoori, Minister of Economy and Board Chairman, approving SCATC's name change to the Training and Professional Exams Center (TPEC). Present at the meeting were H.E. Mohammed Al Hadari, Board of Trustees Chairman and Deputy CEO for Supporting Services; Prof. Abdullah Al Shamsi, Vice Chancellor of BUiD; Jamal Al Khadhar, Executive Vice President of the Dubai Financial Market (DFM); Omar Al Serkal, ADX representative; and Yousef Al Wahhabi, TPEC Head.
Dr. Al Zaabi said “the meeting reviewed TPEC's achievements in the first half of 2018. It also explored avenues to enhance cooperation with UAE-based financial markets by offering training courses for capital market professionals. Therefore, it has been agreed that the DFM will post TPEC's link on its website".
The Board of Trustees also reviewed an initiative by the British University in Dubai (BUiD) to transfer the knowledge acquired from the application of blockchain technologies to TPEC. This will help to explore how to make use of this experience in improving TPEC's services.
Dr. Al Zaabi added that the meeting reviewed a proposal to add an assortment of training services, thus meeting the requirements of capital market professionals, with token fees only. The TPEC's operational plan for 2018 was examined and the Board of Trustees assigned the TPEC to coordinate with the Federal Authority for Government Human Resources (FAHR) to add SCA's approved professions through FAHR's system for training and employment.