CmaBoardReleases
Back to Search
Kuwait, 31 May 2014 - As part of the Authority’s responsibility in developing the regulating rules of the securities’ activity and keeping up with the latest developments in the capital markets and the standards adopted internationally in securities’ activity; the Authority has cooperated with a specialized advisory office in the field of capital markets in order to prepare the necessary studies to develop the Authority’s Executive Bylaw after the passing of more than two years of its implementation. Developing the Bylaw has become very important in order to keep up with the latest developments in the capital markets. It is worth mentioning that the Authority has assembled a supervisory committee for this purpose on 8/4/2013, which has examined the remarks of the Authority’s sectors and departments regarding the Executive Bylaw, and subsequently preparing the referential conditions of the applied advisory offices, in addition to coordinating and following up the project during its various phases.
Therefore, in order for the Authority to achieve the highest standards of transparency and communication with the related parties; it will cooperate with the other supervisory entities, financial institutions, and concerned parties to apply their remarks regarding the proposed amendments and set legal rules which shall eventually achieve the Authority’s objectives, as well as achieving the best protection to shareholders and traders, and also preserving the investors rights.
CMA LAW: Capital Markets Authority Aims to Amend the Executive Bylaw of Law No. (7) of 2010 Regarding the Establishment of Capital Markets Authority and Regulating Securities’ Activity
Date Publish
31 May 2014
Kuwait, 31 May 2014 - As part of the Authority’s responsibility in developing the regulating rules of the securities’ activity and keeping up with the latest developments in the capital markets and the standards adopted internationally in securities’ activity; the Authority has cooperated with a specialized advisory office in the field of capital markets in order to prepare the necessary studies to develop the Authority’s Executive Bylaw after the passing of more than two years of its implementation. Developing the Bylaw has become very important in order to keep up with the latest developments in the capital markets. It is worth mentioning that the Authority has assembled a supervisory committee for this purpose on 8/4/2013, which has examined the remarks of the Authority’s sectors and departments regarding the Executive Bylaw, and subsequently preparing the referential conditions of the applied advisory offices, in addition to coordinating and following up the project during its various phases.
Therefore, in order for the Authority to achieve the highest standards of transparency and communication with the related parties; it will cooperate with the other supervisory entities, financial institutions, and concerned parties to apply their remarks regarding the proposed amendments and set legal rules which shall eventually achieve the Authority’s objectives, as well as achieving the best protection to shareholders and traders, and also preserving the investors rights.
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.
