The Palestine Capital Market Authority was established as an autonomous agency by law No.(13) of the year (2004). It is governed by a Board of Directors composed of seven members. Its jurisdiction encompasses securities, insurance, financial mortgage and financial leasing sectors, along with any other non-banking financial institutions. In the past years the PCMA chaired the National Committee for Corporate Governance in Palestine.
During 2010 the PCMA embarked on a number of projects aimed at improving the internal working environment as well as enhancing the dissemination of information to the public. It has contracted a renowned company to prepare the standard operating procedures (SOP’s) within the PCMA and has upgraded its dynamic website to include more relevant and up-to date information. Moreover, the PCMA has signed a Memorandum of Understanding with the Palestinian Monetary Authority to enhance cooperation and coordination that leads to lower risks in the financial market. Meanwhile scores of staff members have been receiving high level training in their respective field of operation.