CmaBoardReleases
Title: Resolution No. (68) of 2017 Regarding Renewal of the Collective Investment Scheme License of Watani KD Money Market Fund According to Islamic Shariah Principles II
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- The collective investment scheme license certificate of Watani KD Money Market Fund According to Islamic Shariah Principles II No. (0022/2014/F( issued on 25/06/2014; and
- Based on CMA Board of Commissioners Resolution No. (13) of 2014 of on a collective investment scheme license granted for the incorporation of Watani KD Money Market Fund According to Islamic Shariah Principles II; and
- Based on the request of NBK Capital to renew the license of Watani KD Money Market Fund According to Islamic Shariah Principles II; and
- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No. (18) of 2015 held on 3/6/2015 on delegating some of the Supervision Sector’s competences; and
- Based on CMA Board of Commissioners Resolution No. (7-17) of 2017 passed in its meeting No. (17/2017) held on 25/4/2017 on delegating the competences of the Head of Supervision Sector in case of his absence pursuant to Resolution No. (44) of 2015.
The Following Was Resolved
Article (1)
The collective investment scheme license of Watani KD Money Market Fund According to Islamic Shariah Principles II is hereby renewed for three years, renewable after paying the prescribed fees.
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.
Mubarak Alrefaei
Acting Head of Supervision Sector
Issued on: 14/05/2017