The 25th and 26th COMCEC meetings which were conducted in 2009 and 2010 respectively, had called upon the Member States of the Organization of Islamic Cooperation (OIC) and related OIC Institutions to enhance financial cooperation amongst capital markets regulatory authorities of the OIC Member States. Within this context, the Capital Markets Board of Türkiye (CMB) was mandated to host a meeting for the OIC capital market regulatory authorities in order to seek opportunities for improving cooperation. To this end, the CMB of Türkiye organised the "COMCEC Capital Markets Regulators Conference and Roundtable" during September 6th -17th, in 2011. More than 20 participants from across 13 Member States took part in these meetings whose purpose was to further explore the possibilities as well as the needs for expanding cooperation among the capital market regulators of COMCEC Member States. The establishment of the COMCEC Members States Capital Markets Regulators Forum (CMR) was discussed and examined in detail.
In line with the 25th and 26th COMCEC General Sessions calls and with the opinions of the delegates from Member States, the "COMCEC Capital Market Regulators Forum (CMR) " was established and the Capital Markets Board of Türkiye was appointed as the Secretariat of the COMCEC Capital Market Regulators (CMR) Forum.