Title: Press Release: Warning Against Dealing with Q8 Securities Company
Kuwait, January 9, 2022 – In order to ensure the implementation of the provisions of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments, the Capital Markets Authority (CMA) warns against dealing with any of the securities activities of Q8 Securities Company in any form, as the CMA’s Resolution No. (45) of 2019 was issued regarding cancelling all securities activities licenses of the mentioned company and deleting its name from its registers.
In light of the current situation, the CMA assures its commitment and continuity in providing protection and applying CMA’s Law and its Executive Bylaws on all the dealers of securities activities, and fulfillment of its supervisory and regulatory role.
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
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Public Relations & Media Office