CMA LAW: The Capital Markets Authority Holds its 9th Awareness Workshop under the Title "The Material Information and the Mechanism of Disclosure"

Kuwait, 9th December 2014 – The CMA has held on Tuesday 9/12/2014 at Kuwait Stock Exchange its 9th awareness workshop, which is part of its program of awareness workshops for the year 2014. It was entitled "The Material Information and the Mechanism of Disclosure". The CMA speaker was the Director of the Disclosure Department, and it was attended by the Director of the Awareness Office as the CMA representative, in addition to a representative from the Legal Affairs Sector. The workshop tackled the issues related to the licensed persons and the individual investors as well. The speakers discussed the topic of the material information and their disclosure mechanism through different aspects such as the following:
⦁ A brief about the disclosure of material information.
⦁ The objectives of the disclosure like treating and regulating the issuer's disclosure procedures and the mechanism of announcement, in addition to providing sufficient information in a fair manner to enable the investor to make the investment decisions.
⦁ Examples of the way of handling the material information and the mechanism of disclosure.
Furthermore, many other issues concerning the time of disclosure, postponing it, and handling rumors, news, and unusual activity in trading the securities of the issuer were reviewed. The attendants of the workshop were those who are concerned with the securities' activities general issues.
The CMA would like to express its gratitude to the participants, and it looks forward to future cooperation. It would also like to note that any opinions and suggestions regarding the different CMA activities are welcomed, in particular the awareness-related matters.

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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