Riyadh, September 13, 2021, SPA -- The Gulf Cooperation Council (GCC) Committee of heads (or their representatives) of Capital Markets Authorities, emanating from the GCC Ministerial Committee for Capital Markets, held today its 23rd meeting via videoconference. The meeting went over several subjects, including a draft agreement on inter-registration of financial products among institutions organizing capital markets in the GCC countries, which was referred by the action team of the integration strategy of GCC capital markets. The meeting also discussed the possibility of adding a third party to accredit the requirements of the Know Your Customer (KYC) model and the model requirements for opening an account and the procedures for KYC. The Committee also checked on a proposal to hold joint training programs in the field of media and e-marketing to serve the awareness message of the capital market sector, the results of the joint awareness campaigns on the results and impacts of the fourth awareness campaign “Effective governance… a basis for sustainable development”, and a report about the results and impacts of the fifth awareness campaign “Choose the right investment” that was referred by the team specialized in communication and raising investors’ awareness on institutions organizing the GCC capital markets. The attendees also reviewed the latest developments in the GCC capital markets and exchanged views related to these updates. --SPA 17:40 LOCAL TIME 14:40 GMT 0019 www.spa.gov.sa/w1617334