CMA LAW: Announcement Regarding Issuance of Disciplinary Board Resolution No. (1-2026 Authority Appeals) (04-2025 Boursa Kuwait Violations Committee) and imposition of a fine against: 1- Representative Broker of Kuwait Financial Brokerage Company. 2- Kuwait Financial Brokerage Company, for Violating the Rules of Best Execution of Client Orders

Announcement Regarding Issuance of Disciplinary Board Resolution No. (1-2026 Authority Appeals) (04-2025 Boursa Kuwait Violations Committee) and imposition of a fine against: 1- Representative Broker of Kuwait Financial Brokerage Company. 2- Kuwait Financial Brokerage Company, for Violating the Rules of Best Execution of Client Orders

For the following reasons:
Violation of the provisions of Articles 5-1, 5-6, 5-7, 5-9, 5-12, and 5-13 of Chapter Five (Best Execution of Client Orders) of Module Eight (Conduct of Business) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and their amendments.

The Resolution included the infliction of the following penalty: -
" First- The appeal is accepted in form.

Second- On the merits, amending the resolution under review regarding the warning penalty it imposed, to become the imposition of a fine as follows:

1- Representative Broker of Kuwait Financial Brokerage Company in the amount of KWD 2,000 (two thousand Dinars) for the attributed violation.

2- Kuwait Financial Brokerage Company in the amount of KWD 5,000 (five thousand Dinars) for the attributed violation.”
 
In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these Laws in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.

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