CmaBoardReleases
Back to Search
Kuwait, 17th February 2014 – As part of the Authority's endeavour to achieve one of its most important goals which is regulating securities activity in a fair, competitive and transparent manner, in addition to guaranteeing the abidance by the rules and regulations related to the such activity, particularly regarding the controls and procedures of regulating the "Voluntary Acquisition"; the Authority has issued on 16/2/2014 regulations concerning the controls and procedures of executing the voluntary acquisition processes, which replace Regulations No. (1) of 2012 regarding the "Controls and Procedures of the Acquisition Processes". A number of changes were made including specifying the procedures that must be followed when the voluntary acquisition process is executed, in addition to the procedures of changing and withdrawing from the voluntary acquisition offer.
It is worth noting that issuing the latest regulations is part of the Authority's efforts of regulating the procedures related to acquisition processes. It has issued earlier regulations regarding the procedures of the mandatory acquisition, and the procedures of disclosing the acquisition offer.
These regulations shall clarify the acquisition procedures, and in particular the provisions of the voluntary acquisition. Therefore, the Authority anticipates that the parties concerned with the securities activity shall peruse and follow these regulations, and contact the Authority whenever needed.
Clarification 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 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
CMA LAW: The Capital Markets Authority Issues its Regulations Regarding the Controls and Procedures of Executing Voluntary Acquisition Processes
Date Publish
17 February 2014
Kuwait, 17th February 2014 – As part of the Authority's endeavour to achieve one of its most important goals which is regulating securities activity in a fair, competitive and transparent manner, in addition to guaranteeing the abidance by the rules and regulations related to the such activity, particularly regarding the controls and procedures of regulating the "Voluntary Acquisition"; the Authority has issued on 16/2/2014 regulations concerning the controls and procedures of executing the voluntary acquisition processes, which replace Regulations No. (1) of 2012 regarding the "Controls and Procedures of the Acquisition Processes". A number of changes were made including specifying the procedures that must be followed when the voluntary acquisition process is executed, in addition to the procedures of changing and withdrawing from the voluntary acquisition offer.
It is worth noting that issuing the latest regulations is part of the Authority's efforts of regulating the procedures related to acquisition processes. It has issued earlier regulations regarding the procedures of the mandatory acquisition, and the procedures of disclosing the acquisition offer.
These regulations shall clarify the acquisition procedures, and in particular the provisions of the voluntary acquisition. Therefore, the Authority anticipates that the parties concerned with the securities activity shall peruse and follow these regulations, and contact the Authority whenever needed.
Clarification 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 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
referencepurposes only, visitors are encouraged to review and understand
theinformation provided in the official scanned document attached in
thelink above (if available). The CMA endeavors to ensure that
theinformation on this page is complete and accurate, but the CMA does
notguarantee the quality, accuracy, or completeness of any content at
anytime. In the event the information on this page is different from
thecontent in the official scanned document attached in the link
(ifavailable), the official scanned document attached shall take precedence.
