CMDA is a member of the South Asian Securities Regulator's Forum (SASRF). The main objectives of SASRF are to facilitate the provision of technical expertise for capacity-building within regulatory agencies and to encourage research on current and emerging regulatory issues in respect of or related to Securities.

The Islamic Financial Services Board (IFSB) is an international standard-setting organization that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors.

CMDA has received associate membership of IFSB on 26th March 2008. In future CMDA will collaborate with IFSB to conduct market research and coordinate initiatives on capital market related issues.

 

There are currently 174 member agencies in IOSCO which have assembled and resolved– To co-operate together to promote high standards of regulation in order to maintain just, efficient and sound markets; To exchange information on their respective experiences in order to promote the development of domestic markets; To unite their efforts to establish standards and an effective surveillance of international securities transactions; and To provide mutual assistance to promote the integrity of the markets by a rigorous application of the standards and by effective enforcement against offenses. The CMDA is coordinating with IOSCO to seek membership of IOSCO by the end of the year 2008.