CmaBoardReleases
Title: Press Release: The CMA Continues to Develop its Service Procedures through Digital Transformation
Kuwait, December 28, 2023 – In continuation of the Capital Markets Authority’s (CMA) endeavours to facilitate its service delivery procedures and automating its forms, the CMA is enhancing its overall performance.
The CMA has developed a mechanism for lodging appeals against resolutions issued by its Disciplinary Board, as well as forms of registration of arbitrators and experts, to be in electronic forms available via the CMA electronic portal. These forms are part of services offered by the CMA, which will soon be available on the governmental application “Sahel” for smart devices. Such forms enable stakeholders to submit their applications via the smart devices in accordance with legal provisions. Furthermore, the CMA contacted the competent entity to include the services within the governmental application “Sahel” to be listed therein as soon as possible.
In conclusion, the CMA emphasizes on its constant keenness to upgrade the mechanism of providing its services and facilitating the procedures of automating them to ensure their prompt completion in accordance with the best international practice, for the benefit and convenience of stakeholders.
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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