CmaBoardReleases
Title: Resolution No. (119) of 2018 Regarding Renewal of the Securities Activities License of Kuwait Pillars for Financial Investment Company at the CMA
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 07/10/2015; and
- Based on the application submitted by Kuwait Pillars for Financial Investment Company on 26/06/2018 to renew the license of the securities activities at the CMA; and
- Resolution No. (20) of 2018 on amending the final approval of authorizations for the Supervision Sector’s procedures issued on 11/02/2018.
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 activity of an Investment Controller. The license is valid for three years, renewable for the same period.
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
Acting Head of Supervision Sector
Issued on: 10/09/2018