CMA LAW: Resolution No. (33) of 2020 Regarding Renewal of the Securities Activities License of Boubyan Bank of Kuwait 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 Boubyan Bank of Kuwait No. (AP/2017/0005) issued on 16/05/2017; and

- Based on the application submitted by Boubyan Bank of Kuwait to renew the license of the securities activities at the CMA; and

- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.  

The Following Was Resolved
 
Article (1)
The securities activities license of Boubyan Bank of Kuwait at the CMA is hereby renewed for practicing the activity of subscription agent.

The license is valid for three renewable years, after paying the prescribed fees, starting from 15/05/2020. 

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
Head of Supervision Sector
Issued on: 03/05/2020

Copy of the Official Document

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