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Title: Resolution No. (98) of 2023 Regarding Renewal of the Securities Activities License of Kuwait Pillars for Financial Investment Company
Date Publish
21 June 2023
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- The securities activities license certificate of Kuwait Pillars for Financial Investment Company No. (AP/2014/0009) issued on 31/08/2020; and
- The application submitted by Kuwait Pillars for Financial Investment Company to renew the securities activities license at the CMA; and
- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.
The Following Was Resolved
Article (1)
The securities activities license of Kuwait Pillars for Financial Investment Company at the CMA is hereby renewed for practicing the following activities:
1. Investment Portfolio Manager.
2. Collective Investment Scheme Manager.
3. Investment Advisor.
4. Subscription Agent.
5. Custodian.
The license is valid for three renewable years as of 31/08/2023.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 21/06/2023.
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
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