Title: Press Release on Resolution No. (154) of 2024

Kuwait, December 02, 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 Thursday 28/11/2024 Resolution No. (154) of 2024 Regarding Adding a New Article and Resequencing the Articles of Chapter Four “Client’s Assets” and the Table of Contents of Module Seven (Clients’ Funds and Clients’ Assets) 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.

This amendment aims to develop the rules and provisions of Clients’ Funds and Clients’ Assets to be more comprehensive and clear, by stipulating the significance of the Licensed Person’s commitment to segregate Clients assets in their possession from their own assets. 

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: 1888898
Email: pr-media@cma.gov.kw