Based on research and study, international financial regulators make decisions on policies, regulations and supervision related to the financial sector, and establish their long-term objectives. Accordingly, the FRC established the Market Research & Development Department;to address market development policies, regulation and supervision. All of which were to be based on international standards, expertise and evaluation of the country's particular situation. For instance: the experiences of countries that have established financial markets, the funding of micro, small and medium-sized businesses, open finance, and products and services related to financial technology.