CmaBoardReleases
Title: Press Release: Principles Derived from the Disciplinary Board Resolutions are Available for the Public through the CMA Website
Kuwait, June 30, 2022 – As part of the awareness role of the Capital Markets Authority (CMA), practiced in accordance with Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments, regarding raising the public’s awareness in securities activities, and the benefits, risks, and obligations related to investment in securities, and in order to offer suitable systems to protect the traders and reduce unsuitable, illegal, and unfair practices in securities activities, the CMA was keen to include some of the principles derived from the Disciplinary Board resolutions relevant to the articles of the Law and the Bylaws in the pages of each of the Law and Executive Bylaws on its website.
This addition comes in line with the legislator’s awareness objectives, and allows the persons dealing in securities activities, specialists, researchers, and all the persons addressed by the provisions of Law No. 7 of 2010 and its Executive Bylaws and their amendments to view the principles on which the CMA Disciplinary Board is based. We also note that such principles may not include all that is issued by the Disciplinary Board, therefore, it is important to view the updates of the Executive Bylaws and the resolutions and circulars issued by the CMA to avoid committing any violation.
In conclusion, the CMA would like to confirm its constant keenness to improve the mechanism of service delivery and simplify its procedures to stakeholders in accordance with the best international practice.
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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.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw