CmaBoardReleases
Title: Awareness Announcement Contractual Relationship
Awareness Announcement
Contractual Relationship
Kuwait, 19th April 2015
As part of the Capital Markets Authority's endeavour to promote the legal awareness of all traders in securities' activity, and in order to protect their rights, the CMA emphasizes the importance of perusing the contracts governing the relationships between traders and licensed persons which offer services related to securities' activities.
The CMA urges all traders to review the data and information included in the contracts and forms that regulate their transactions. The consent makes the law, so such contracts are considered as law regulating the relationship among them. They are viewed as reference when a conflict arises. They also specify the obligations and rights of both parties, as agreed upon.
Thus, the CMA seeks to enhance the principles of fairness, transparency, and disclosure concerning all securities' activities. It reminds all traders in such activities of the importance of being acquainted with the different information related to their contractual transactions, and realizing their consequences. The perusal and consent on the data of such contracts is considered as a commitment to related liabilities.
Traders and Licensed Persons can visit the Capital Markets Authority's website (www.cma.gov.kw), Kuwait Stock Exchange's website (www.kse.com.kw), and the Twitter account @cma_kwt to keep up with the Authority's latest awareness announcements.