Title: Press Release: The Capital Markets Authority Participates in " World Investor Week 2023 "

Kuwait - October 4, 2023 - The Capital Markets Authority (CMA), representing the State of Kuwait, is participating for the third consecutive year in the events of the World Investor Week organized by the International Organization of Securities Commissions (IOSCO) during the month of October each year.

It is worth noting that the CMA previously participated in these events in the past two years, starting in 2021 in cooperation with the Central Bank of Kuwait, and independently in the following year,  2022.

The CMA’s participation in this event is part of its keenness to actively participate in the various events and activities of IOSCO and its various committees, which enables it to keep up with the latest developments related to its tasks and adhere to relevant international standards in the field of securities activities.

The current year's World Investor Week campaign, which takes place throughout October, is expected to highlight the importance of raising awareness on the following issues:

- "Investor Resilience": Providing investors with the tools to face sudden events and changing conditions, especially after diversifying their investments and developing their own strategies to manage potential risks.

- “Digital Assets”: Raising awareness of the risks associated with investment products related to digital assets, including fluctuations, misleading news, and financial fraudulent practices.  Those risks may lead to the possibility of bankruptcy and insolvency for the issuer or broker.

- “Sustainable Finance”: Introducing various aspects of environmental, social, and governance (ESG) sustainable finance, responsible investment, and the investment opportunities they offer.

- “Combating Fraud and Scams”: Raising awareness of financial fraudulent practices, tools to combat them, ensuring that the promoting entities have the required licenses, and protecting personal information.

- “Investment Basics”: Introducing current and future investors to the fundamentals of investment, prudent investment decision-making, and understanding investment returns and risks.

- “Technology and Digital Transformation”: Introducing the use of digital investment tools, current technological  capabilities in the investment world, in addition to the negative effects on investment decision-making process.

The CMA’s participation in this year’s event includes broadcasting informative messages on its social media accounts, addressing the aforementioned topics, as part of Gulf-wide efforts agreed upon for this participation. It also coincides with another campaign by the CMA throughout the current October, focusing on sustainable finance and development.

Finally, it should be noted that “World Investor Week” is an annual international awareness initiative launched by “IOSCO” for the first time in 2017, aiming to increase financial literacy levels, enhance investor knowledge and protect investors at the local and global levels.

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, 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