Title: Handling Insider Information

The insider information, which a person becomes aware of by virtue of his/her position, capacity, or job, is considered secrets and must be protected. Disclosing such information to a certain investor or investors leads to the violation of the principles of transparency, equality and fairness, which may harm the national economy and the interests of investors in the securities activity. Therefore, the legislator has defined the penalties regarding the persons who are subject to the CMA's Law when committing violations related to disclosing secrets and insider information. The Authority has set strict penalties for the cases in which the violator gains any benefit or interest or return for himself or others in consideration for the disclosure of a secret, information, or news.

The Authority endeavors to raise the awareness of the dealers in securities and protect them from committing any law violating acts. It urges the dealers of such activity to take diligent care when handling secrets and insider information, while abiding by the law and all the regulations issued by the Authority in this regard to avoid penalties, and to achieve fairness, equality and transparency in the securities activity.

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 awareness announcements.