Title: Press Release: The Capital Markets Authority Publishes the 10th Issue of its Electronic Awareness Magazine

Kuwait, December 3, 2022 – “Brief Inventory” is the topic of CMA’s editorial in its latest issue of its Electronic Awareness Magazine, which was published on December 1, 2022, and covered last year’s most prominent initiatives. Prof. Ahmad Al-Melhem - Chairman of the CMA Board of Commissioners – briefly presented such initiatives, most of which had a strategic and developmental dimension regarding not only our investment and economic reality, but also the social one. It also establishes future directives that form the bases of CMA’s upcoming strategy for the years (2023 - 2027), as is the case in the initiatives of completing the project of developing infrastructure entities, in particular the Central Counterparty (CCP) that is implemented by the CMA in cooperation with its partners from the members of the capital markets’ industry, whose pilot tests have started in cooperation with the Central Bank of Kuwait and the local banks. Moreover, it includes the initiatives relevant to sustainable finance controls as one of the responsible investment tools that takes into account the environmental, social, and governance factors (ESG), in addition to the directives of developing the Islamic industry in the financial sector, digital transformation, enhancing financial inclusion and adopting a national project thereon, establishing an academy for the capital markets, and setting controls for the financial analysis and the investment consultations.
In the issue’s editorial, Prof. Al-Melhem mentioned CMA’s permanent keenness to reach the highest levels of compliance with the approved standards in all its business areas, which included those related to its internal work environment, noting the fact that the CMA achieved a compliance of 98% with IOSCO standards and a compliance of 100% with the data classification standards, ranked first in governance among the entities of independent budget, and issued an international depository number for its electronic magazine in a procedure that achieves compliance with the applicable standards on one side, and ensures the intellectual and technical rights and grants it with the fundamentals of continued development and expansion on another side.
The topics of the other sections, as in the previous issues, varied between awareness, investment, and legal issues as well as covering CMA’s news and events during the period of the issuance between September and November of the current year.
The “Economic Leaders” section discussed the journey of the late Dr. Ahmad Al-Khateeb, the doctor that witnessed a “national” historic era of detailed incidents on the path of the Arab nation and the dreams of its citizens during the sixties and seventies of last century.
The “Legal” section covered two topics: “Unlicensed advice and recommendations through social media” and “CMA’s right in concluding agreements and memorandums of understanding with counterparties”, followed by the “Issue Event” section that presented CMA’s participation in the international investor’s week for the second consecutive year.
In the “Opinion and Vision” section, “Prof. Wafaa Sbeiti”, Sustainable Finance Professor in the College of Business and Economics in the American University of Kuwait (AUK), presented her vision for new investors in simple steps.
The “Issue Interview” section was with the economic expert “Mr. Khalaf Sulaiman Al-Jassem”, the former chairman of the Complaints and Grievances Committee, in which he presented his opinion and visions on several issues related to our economic and investment reality, in addition to evaluating the work of Complaints and Grievances Committee and the work of the CMA that he considered the corner stone of the local capital market.
Moreover, the “Issue File” was allocated for the awareness campaign implemented by the CMA during last October and November for the introduction of the Gulf Smart Investor Award, while “Legalizing and controlling unlicensed financial analysis and investment consultations” was the subject of the “Prospects and Trends” section.
The 2022 World Cup in Qatar, the current talk of the town, was covered through two topics: “World Cup Economy” and “Accounting the services of the football players”.
The “Awareness Section” covered the following topics: “The Mississippi bubble and the Illusion trade”, “The black gold and the third energy war”, and “The behavioral economics between Smith and Thaller”.
The “Economic News” section discussed “Expectations of the upcoming great economic recession”, “The challenge of the Yuan to the Dollar in the international monetary market”, “The largest economy in the world and its current expensive cities”, “The influencer “Naty” and the digital financial fraud”, in addition to “COP27 Conference and its warning to the humanity against failure and mass suicide”.
The issuance ended with “In Conclusion” section in which the Editor-in-Chief of the Magazine (Director of CMA’s Awareness Office) presented the awareness prospects that the CMA aims to achieve in the coming years in line with the implementation of its upcoming strategy at the second quarter of next year. He pointed out the qualitative transformations in awareness aiming to focus on specific cases, such as: financial inclusion, digital awareness, and knowledge economy.

Ends-
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