CmaBylaw
Executive Bylaws
2-4-2 Of Module Four: Securities Exchanges and Clearing Agencies
Section: Chapter Two: Clearing Agencies
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Sunday, 05 February 2017
A Clearing Agency shall not disclose information of a confidential nature which it receives in the course of carrying out its services except to:1. The account holder in respect of his account or any person authorized with a power of attorney from the account holder to review such account.2. The Authority.3. Judicial authorities of the State of Kuwait, or to any person based upon a judicial order.4. Governmental authorities and departments concerned in enforcing the laws and systems of anti-money laundering and combating terrorism financing or anti-corruption. 5. An Exchange or another Clearing Agency in order to fulfil its obligations pursuant to agreements concluded with such an Exchange or Clearing Agency subject to the Authority’s approval.6. If the disclosure of this information is necessary to comply with the applicable laws and regulations.
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