CmaBoardReleases
Title: Capital Markets Authority Continues its Awareness Workshops Program
Kuwait, May 10, 2016 - Capital Markets Authority continued its awareness workshops program on Tuesday May 10, 2016 for the first quarter of the current financial year through a workshop that focused on promoting collective investment schemes that are incorporated outside the State Kuwait.
The speakers dealt with this issue through various aspects, starting with the rules and regulations of promoting collective investment schemes incorporated outside Kuwait, and they demonstrated concerned persons’ commitment and obligations towards the CMA, in addition to the promotion regulations to such collective investment schemes. They concluded the workshop after answering all of the participants queries and presenting the approved forms.
It should be noted, that the current awareness program of the CMA is limited to six workshops extending until June 5, 2016 which will be organized in accordance with the adopted mechanism for awareness programs at the Authority, at the same place and time at Khaled Al-Kharafi Hall on Tuesdays at 12:30 p.m., except for the last workshop which will be held on Sunday June 5, due to the upcoming holy month of Ramadan.
The Capital Markets Authority released the awareness program last week in a workshop about disclosure of interest, it will carry out the rest of the program in the upcoming weeks with the following topics: Anti-Money Laundering and Combating Financing of Terrorism, Regulations of Registering Auditors in the Concerned Register with the CMA, Violation of Trading Conduct, and CMA Electronic Portal.
As the CMA announces the continuation of its current awareness program during the upcoming four weeks, it also reminds all persons concerned with securities activities and other related issues to attend such workshops as they are open for the public, and it welcomes all questions and suggestions on various issues related to its various activities.
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, observe listed companies’ execution of Corporate Governance Regulations, and protect investors from unfair practices which violate the Authority's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The Authority also aims to provide awareness programs related to securities activities.
For more information, kindly contact
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@kuwaitcma.org
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