Since its establishment, the Authority has observed its cooperation with many international and Arab corporations and unions that operate or regulate the non-banking financial sector. It has paid visits to many countries to get acquainted with their experiences in regulating and supervising the financial sectors to profit from these in building the Authority and improving its performance.
In this context, the Authority has concluded a memorandum of understanding with the Turkish Capital Market to develop ways of joint cooperation.
It has also sought to communicate with relevant international institutions like the World Bank, IMF, IFC, in order to get substantive and technical assistance in the areas it operates. In this context, the World Bank has provided the Authority with technical assistance in the following areas:
1. Private Retirement Fund:
An agreement was signed with "First Initiative", an affiliate of the World Bank, to provide technical assistance in the preparation of the regulatory and technical framework needed for the development of the private retirement system in Palestine. This project is expected to finish in mid-2010.
2. Technical assistance in the development of the securities sector:
The World Bank is providing technical assistance on topics related to the securities sector in terms of developing market activities as well as developing and reviewing regulatory frameworks. This project is expected to be completed in March 2010.
3. Technical assistance with respect to the mortgage sector:
The World Bank will provide technical assistance to the Authority in the preparation of a mortgage law and related regulations and instructions.