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Title: Press Release: The Capital Markets Authority Launches a Page for the Statistical Reports and Information
Kuwait, January 18, 2023 – As part of the Capital Markets Authority’s (CMA) objectives represented by regulating securities activities in a fair, competitive, and transparent manner, enhancing investor protection, imposing requirements of full disclosure in order to achieve fairness and transparency, and enhancing public awareness of securities activities and of the benefits, risks and obligations related to investments in securities and encourage their development, the CMA has launched a page on its website specifically for publishing periodic statistical reports and information relevant to securities activities and the entities subject to CMA’s supervision, which includes the statistical reports of the licensed persons by the CMA, collective investment schemes, and the companies listed on Boursa Kuwait Securities Exchange except for banks. This page allows the users to select the type of information requested to access and its financial period, and then issue the requested report to access and upload.
The launch of this page enhances the principle of transparency and fulfils the awareness and supervisory role that the CMA practices to enhance public awareness of securities activities, which includes providing and publishing statistical reports and information relevant to the entities subject to the CMA’s supervision regularly in compliance with international best practice. Such launch is a result of coordinating with the Central Bank of Kuwait regarding CMA’s responsibility of publishing the periodic statistical information of the investment companies that are subject to CMA’s supervision as of the start of 2023 in light of the Memorandum of Understanding signed between the Central Bank of Kuwait and the CMA.
Furthermore, all users may access to that information through clicking on the “Reports” icon on the home page of the CMA website.
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
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