Decree Blog

In October last year, the Central Bank of Oman (CBO) issued a circular on “Promoting Sustainable and Green Financial Practices“. The circular clarifies the phases in which ESG should be implemented in banks, with the circular itself being part of “Phase 2: Regulatory Expectations 2024”. The next phase is going to be during the period 2025-2027, and is named “Phase 3: Implementation and Monitoring”.

Earlier this month, the Ministry of Transport, Communications, and Information Technology (MTCIT) issued a new Ship and Port Facility Security Regulation, which repealed the Ship and Port Facility Security Regulation of 2016.

Both regulations are based on the International Ship and Port Facility Security Code (ISPS Code), which Oman ratified by Royal Decree 63/2004. The new regulation comprehensively updates the governance of ship and port facility security. For example, it incorporates a new structure for port facility security verification, introduces new obligations for different stakeholders, establishes a new framework to license private companies to carry out certain tasks related to ship and port facility security including ship security verification, and imposes administrative fines that the MTCIT can impose if the regulation is not complied with.

You can read the decision in full in English on the link below:

The Telecommunications Regulatory Authority (TRA) recently published on its website a non-binding Guideline for Enhancing the Contribution of the Postal Sector in Preserving the Environment and Reducing Harmful Emissions.

This guideline is based on the UN Sustainable Development Goals and prescribes a number of actions under different headings that postal companies can adopt to reduce their carbon emissions. For example, under the heading Vehicles and Means of Transport, it is suggested that postal companies should ensure that an annual percentage is set for converting their delivery vehicles to modern and environmentally friendly vehicles.

Even though this guideline is not legally binding, it is highly recommended that postal companies consider them, especially as the guideline states that the TRA will issue—in cooperation with other government entities—directives with implementation targets and timelines.

You can read this guideline in full in English on the link below:

The Environment Authority published in this week’s issue of the Official Gazette a new Regulation for Noise Control in the Public Environment that replaces an old regulation on the same topic from 1994.

The new regulation completely overhauls the framework for controlling noise generated by business operations in public places (such as construction, mining, and airports), creates a classification for noise levels for daytime vs nighttime without reference to working days and holidays, introduces new duties on project owners to take noise measures and carry out noise modelling as part of environmental impact studies, and sets new administrative penalties of up to 500 rials for those who violate the regulation.

It is worth noting that this regulation repeals the old Regulation on Noise Control in the Public Environment of 1994, but does not repeal the Regulation on Noise Control in the Work Environment of 1994, which continues to remain in force.

The new Regulation for Noise Control in the Public Environment enters into force tomorrow. You can read it in full in English on the link below: