CMA LAW: The Capital Markets Authority (CMA) Launches its First Awareness Workshops Program of 2015

Kuwait, 20th January 2015 – The CMA launched on Tuesday 20/1/2015 its Awareness Workshops Program of the first quarter of this year. The opening workshop was entitled "CMA Regulations No. (6) of 2014 Regarding the Regulations and Procedures of Mergers". Many aspects were discussed, such as the following:
- Scope of application of "CMA Regulations No. 6 of 2014"
- Merger definition, objectives, and regulation.
- The required merger procedures:
1. Preparation for merger
2. Approval of the General Assemblies
3. Execution
- Merger Liabilities.
The workshop also discussed the main issues of merger like the means and the parties of merger, in addition to the merger contract and the cases of ceasing trading of the listed company shares when conducting the merger.

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 

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