CMA LAW: Press Release on Resolution No. (128) of 2024 Regarding Amending Certain Provisions of the Pledge of Securities

Kuwait, September 23, 2024 - As part of the Capital Markets Authority’s (CMA) continuous pursuit to develop the rules that regulate securities activities, the CMA has issued on Monday 23/09/2024 Resolution No. (128) of 2024 Regarding Amending Certain Provisions of the Pledge of Securities by including some amendments to Module Eleven (Dealing in Securities) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.

The amendment aims to be in line with the technical developments established since the issuance of the Executive Bylaws of Law No. 7 of 2010 until today with regards to registering pledge on securities or investment portfolios, electronic notation, obtaining certificates of the pledge or its revoking, or other transactions from Kuwait Clearing Company, in addition to including some amendments with regards to clarifying the procedures of the pledge agreement.

Ends-

Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of the CMA's Law.

Furthermore, the Law stipulates the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs pertaining to securities activities.

For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw

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