CmaBoardReleases
Title: Press Release: The Capital Markets Authority Publishes the Seventh Issue of its Electronic Awareness Magazine
Kuwait, March 6, 2022 - “The Sustainable Developmental Financial Industry” was the editorial topic of the seventh issue of the CMA’s electronic awareness magazine that was published by the CMA on the sixth of March. In this issue, Prof. Ahmad Al-Melhem - Chairman of the CMA Board of Commissioners – presented CMA’s executed initiatives within this framework and the future initiatives that will be implemented in the coming period, mainly the regulation and development of a sukuk market for urgent development necessities.
The topics of the current issue varied between awareness, legal, economic, and topics related to securities activities, in addition to covering CMA’s news and events. It addressed “The differences between the licensed person’s receipt of his client’s information and their verification”, “The material amendments related to dealing in securities” as steps in the path of the sustainable finance, “Mulem” as the center of a permanent awareness program, “Today’s economy: colors and indications”, “The public debt and its negative and the positive sides”, “The quantitative facilitation policy” and other topics.
The financial and economic expert Mr. Ali Rashid Al-Bader was a guest of an extensive dialogue covering different aspects of our national and economic issues, such as the economic implications of Coronavirus pandemic, the propositions related to the economic reform issues such as taxation, law of the public debt, developing the industry, and privatization.
The issue’s “File” was allocated for the topic of “The collective investment schemes as a local system with international standards” which presented the development efforts that were implemented in this field, in addition to an extensive analysis of CMA’s Resolution No. (1) of 2022 recently issued. As for the "Prospects and Directions" section, it presented the joint gulf awareness program “Mulem” of which the entities regulating the financial markets in the GCC countries continue to execute its events for the second consecutive year while heading towards making radical adjustments in the mechanism of its implementation during the current year. The new issue also covers other topics such as the accounting standards for the public, discontinued operations, in addition to reviewing different aspects of CMA’s strategy of digital transformation according to what was included in the radio interview with a member of the steering committee of CMA’s Digital Transformation program.
“The Beginning of the digital banks era in Kuwait”, “The global economy’s crossing of the 100 trillion-dollar barrier”, “The positive results of Boursa Kuwait in 2021 despite Coronavirus pandemic” and “The high economic costs of the natural disasters in the past year” were the most prominent economic news that the issue has addressed.
Moreover, the magazine’s new issue presented in another section several reports related to the activities of the financial market and CMA’s tasks. It also presented in an expanded form the most prominent events of the CMA and its activities during the three-months period that the issue covers which extends between December 2021 and February 2022.
Finally, it should be noted that the CMA’s Magazine is a quarterly electronic awareness publication. It is concerned with the economic affairs and securities activities, aiming to cover the CMA’s news and events, and to contribute to the required awareness by addressing financial, investment and legal issues.
To browse the magazine, kindly scan the QR Code
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Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw