Decree Intel is a database of original Omani legal research material that provides explanatory notes, overviews of government entities, and summaries of Supreme Court cases and MJLA Fatwas.
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SAOGs play an important role in the Omani economy, so it is not surprising that the Financial Services Authority (FSA) has issued unique regulations that apply to the operations of such companies, including specific rules on the duties of the board of directors, the internal auditor, and the legal advisor of the company. This blog post will highlight some of the duties of a legal advisor of an SAOG as prescribed by the Public Joint Stock Companies Regulation.
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TRA’s New Telecom Device Regulation
The Telecommunications Regulatory Authority (TRA) published in this week’s Official Gazette Decision 1152/2/19/2024-12 Issuing the Regulation on the Governance and Approval of Telecommunications Devices, repealing the Regulation of Dealing in Telecommunications Devices of 2015.
The Tender Law is extremely important to any company wishing to sell its goods and services to the government as this law sets the forms of procurement that government entities are required to follow when purchasing any goods or services. Governments around the world have similar laws to ensure fairness and transparency in government purchasing by publicly requesting bids, and to ensure that the government obtains goods and services at the most optimum price through a formal evaluation process. This blog post will explore the five methods of procurement available to government entities under the Tender Law.
The Oman Authority for Academic Accreditation and Quality Assurance for Education published in this week’s Official Gazette Decision 2/2024 regarding the process of filing a grievance against the national qualification framework’s result.
When the higher education institutions are not satisfied with the OAAA’s accreditation result, they now have the right to file a grievance against the result under Decision 2/2024 within 60 days from the date of sending the result; however, they must do so after they have paid a non-refundable fee of 1,500 Rial Omani for each grievance.
You can learn more about the grievance process to the OAAA by reading the full text of Decision 2/2024 on the link below:
The Ministry of Social Development published in this week’s Official Gazette Decision 217/2024 issuing the Governance Regulation for the Work of Social Development Committees and Volunteer Teams, repealing the Governance Regulation for the Work of Social Development Committees of 2016.
The new regulation introduces the legal framework for establishing volunteer teams in the community. Each wilayat is permitted to have one volunteer team, with an additional one if the public interest requires it.
The regulation sets the rules for establishing, managing and financing volunteer teams.
The new regulation enters into force tomorrow. You can read it in full in English on the link below:
In this week’s Official Gazette, the Ministry of Social Development issued a brand new Governance Regulation for the Care of the Elderly in Foster Families.
This regulation provides the legal framework for families to submit an application to the MOSD to foster an elderly person who meets the requirements stipulated in the regulation such as being an Omani national who does not enjoy adequate family care, and is free from communicable diseases. Only families who have at least one Omani member can submit an application to foster an elderly person, and this family must prove that it has appropriate housing and is financially capable of supporting the elderly person, among other requirements stipulated in the regulation.
The Governance Regulation for the Care of the Elderly in Foster Families enters into force tomorrow. You can read it in full in English on the link below:
The FSA published in this week’s Official Gazette a Decision Amending Some Provisions of the Regulation Governing Clearing and Settlement which included a minor change to article 14 of the regulation.
Article 14 of the regulation outlines that upon executing a sale or purchase transaction, the securities are recorded in the electronic system under the status of “Deemed Sold Awaiting Settlement” or “Deemed Bought Awaiting Settlement, Sale Permitted,” respectively. Ownership is registered to the buyer on the day of settlement, and this settlement is considered final.
The amendment makes a small specific change to the wording of the original article 14 by stipulating that the settlement cannot be “conditional or deferred”.
This amendment enters into force tomorrow. You can read the text of the decision in full on the link below:
In this week’s issue of the Official Gazette, the Ministry of Agriculture, Fisheries, and Water Resources published Ministerial Decision 137/2024 Amending Some Provisions of the Executive Regulation of the Agricultural Quarantine Law.
The amendment introduces a brand new article 9bis that imposes new potential requirements prior to issuing an agricultural licence by giving the Ministry of Agriculture, Fisheries, and Water Resources the power to verify, before issuing the licence and at the cost of the importer, the agricultural practices, phytosanitary management systems, and risk analysis applied in farms, nurseries, or production sites, and evaluate them in the country of export or the country of origin.
The new amendment enters into force tomorrow. You can read it in full in English on the link below:
Royal Decree 6/2021 promulgated the Basic Statute of the State i.e. the constitution of Oman. This most recent version of the constitution was promulgated one year after Sultan Haitham’s ascension to the throne and created a legal framework that reaffirms the provisions in the previous constitution, in addition to establishing some key reforms. This blog will highlight five of the most important fundamental rights guaranteed by the constitution.