CmaBoardReleases
Title: Resolution No. (91) of 2022 Regarding Renewal of the Securities Activities License of Kuwait Investment Company
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 Investment Company No. (AP/2016/0021) issued on 02/08/2019; and
- The application submitted by Kuwait Investment Company to renew the license of the securities activities at the CMA; and
- Based on Resolution No. (48) of 2022 regarding amending the authorizations of the Supervision Sector’s procedures issued on 03/04/2022.
The Following Was Resolved
Article (1)
The securities activities license of Kuwait Investment Company at the CMA is hereby renewed for practicing the following activities:
- Securities Broker not Registered with an Exchange.
- Investment Portfolio Manager.
- Collective Investment Scheme Manager.
- Investment Controller.
- Custodian
- Subscription Agent
The license is valid for three renewable years, after paying the prescribed fees, starting from 02/08/2022.
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: 18/05/2022