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Title: Press Release: Launching the Reports Service of the Capital Markets Authority through Sahel Application
Date Publish
22 February 2023
Kuwait, February 23, 2023 – The Capital Markets Authority (CMA) launched today the service of submitting reports against any person concerning the violations and crimes stipulated in Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments, in accordance with the regulation set forth in Chapter Three of Module Three (Enforcement of the Law) of the Executive Bylaws of the same Law and their amendments.
The launch of this service facilitates the process of submitting reports. It also enriches the channels of activating CMA’s regulatory role and dealing with its audience. It includes submitting the reports through Sahel application, which shall include the facts of the reported crimes and violations, their time, location, source, names of the reported persons and their capacities, in addition to any supporting information or evidence.
The controls and procedures approved by the CMA shall be taken into consideration when submitting the report. All conditions required upon its submission shall be met.
It is worth noting that the service may be accessed through Sahel application by selecting Services, then scrolling down to find the CMA, and after that selecting Reports to submit the report.
This is the first service launched by the CMA through Sahel application. The CMA is working on launching a package of the other services gradually, such as the services of complaints and grievances in its various types, and the right to access information.
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Ends- 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, 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 CMA's Law. Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. CMA also aims to provide awareness programs related to securities activities. For further information, please contact: Public Relations & Media Office Tel: 22903062 Fax: 22903505
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Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
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