Oman's MCD Launches Omnibus Accounts as T+2 Settlement Starts Sept. 1
Updated
Updated · CairoScene · Aug 3
Oman's MCD Launches Omnibus Accounts as T+2 Settlement Starts Sept. 1
3 articles · Updated · CairoScene · Aug 3
Summary
Muscat Clearing & Depository introduced an omnibus accounts framework that lets brokers, custodians and other eligible institutions hold multiple investors’ assets through a single account.
The structure is meant to attract international investment and align Oman’s market with global practice, while keeping each underlying investor identifiable through operator-held records.
Operators must provide MCD and the Financial Services Authority electronic access to investor and transaction data, segregate client assets, keep full audit trails and meet AML and counter-terrorist financing rules.
Investors can still move holdings into accounts in their own names or to another omnibus operator, with MCD saying legal safeguards protect asset segregation if an operator defaults or restructures.
The launch supports Oman Vision 2040, follows adoption of the MCD Rulebook in 2025 and comes ahead of the market’s T+2 settlement cycle taking effect on Sept. 1, 2026.