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Kuwait, 12th December 2013 – Mr. Basel Ahmed Al-Haroun, Member of the Board of Commissioners represented the Authority in the 23rd Meeting of the Council of Islamic Financial Services Board (IFSB), and the 8th Islamic Financial Stability Forum in Doha, Qatar on the 8th and 9th of December 2013.
The Authority has joined the Council of Islamic Financial Services with a full membership at the beginning of 2013. It includes 185 members of regulatory and supervisory bodies that represent the regulatory authorities and central banks which supervise the capital markets and insurance sectors.
The Council of Islamic Financial Services is considered an international institution which aims at developing the Islamic financial services industry by setting global prudential standards and guiding principles that are compatible with the Islamic Sharia principles related to the financial sector, and supervising and regulating the institutions that offer Islamic financial products to insure the soundness of the Islamic financial services industry.
Furthermore, the Council offers services and technical and legal consultations through conducting researches and coordinating initiatives, as well as organizing seminars and conferences for regulators and members.
Clarification to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010, and amended by Law No. 108/2014. Pursuant to the Law, the Authority shall regulate and supervise the securities activities, achieve transparency and fairness, oblige the listed companies to execute the Corporate Governance Principles, and protect the investors from the unfair practices which violate the Authority's Law.
Furthermore, the Law's provisions stipulate the supervision of the merger, acquisition, and disclosure operations. The Authority also aims at providing awareness programmes related to securities activities.
For more information kindly contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22410169
Email: pr-media@kuwaitcma.org
Title: Capital Markets Authority Participates in the 23rd Meeting of the Council of Islamic Financial Services Board (IFSB), and the 8th Islamic Financial Stability Forum
Date Publish
12 December 2013
Kuwait, 12th December 2013 – Mr. Basel Ahmed Al-Haroun, Member of the Board of Commissioners represented the Authority in the 23rd Meeting of the Council of Islamic Financial Services Board (IFSB), and the 8th Islamic Financial Stability Forum in Doha, Qatar on the 8th and 9th of December 2013.
The Authority has joined the Council of Islamic Financial Services with a full membership at the beginning of 2013. It includes 185 members of regulatory and supervisory bodies that represent the regulatory authorities and central banks which supervise the capital markets and insurance sectors.
The Council of Islamic Financial Services is considered an international institution which aims at developing the Islamic financial services industry by setting global prudential standards and guiding principles that are compatible with the Islamic Sharia principles related to the financial sector, and supervising and regulating the institutions that offer Islamic financial products to insure the soundness of the Islamic financial services industry.
Furthermore, the Council offers services and technical and legal consultations through conducting researches and coordinating initiatives, as well as organizing seminars and conferences for regulators and members.
Clarification to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010, and amended by Law No. 108/2014. Pursuant to the Law, the Authority shall regulate and supervise the securities activities, achieve transparency and fairness, oblige the listed companies to execute the Corporate Governance Principles, and protect the investors from the unfair practices which violate the Authority's Law.
Furthermore, the Law's provisions stipulate the supervision of the merger, acquisition, and disclosure operations. The Authority also aims at providing awareness programmes related to securities activities.
For more information kindly contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22410169
Email: pr-media@kuwaitcma.org
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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