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Kuwait – 11th September 2014 - In line with the Authority's endeavour to enhance its communication with the various economical and financial entities, and in order to realize the fundamentals of mutual cooperation and exchange of opinions to achieve the goals that shall contribute in the progress of the national economy; the Chairman of the Capital Markets Authority Dr. Nayef Falah Al-Hajraf, and the Vice Chairman Mr. Mishaal M. Al-Usaimi have made a friendly visit to the Central Bank of Kuwait where they met Dr. Mohammad Y. Al-Hashel; Governor of the Bank, and Mr. Yousef J. Al-Obaid; the Deputy Governor. The meeting tackled the mechanisms of mutual cooperation and supervisory issues.
It is worth mentioning that the Memorandum of Understanding between the Authority and the Central Bank of Kuwait completes today its third year. It was signed on 11/9/2011.
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.
CMA LAW: Enhancing the Cooperation between the Capital Markets Authority and the Central Bank of Kuwait
Date Publish
11 September 2014
Kuwait – 11th September 2014 - In line with the Authority's endeavour to enhance its communication with the various economical and financial entities, and in order to realize the fundamentals of mutual cooperation and exchange of opinions to achieve the goals that shall contribute in the progress of the national economy; the Chairman of the Capital Markets Authority Dr. Nayef Falah Al-Hajraf, and the Vice Chairman Mr. Mishaal M. Al-Usaimi have made a friendly visit to the Central Bank of Kuwait where they met Dr. Mohammad Y. Al-Hashel; Governor of the Bank, and Mr. Yousef J. Al-Obaid; the Deputy Governor. The meeting tackled the mechanisms of mutual cooperation and supervisory issues.
It is worth mentioning that the Memorandum of Understanding between the Authority and the Central Bank of Kuwait completes today its third year. It was signed on 11/9/2011.
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.
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