Title: Press Release: Launching the Services to Request a License for Securities Activities - One Person Company and Requesting Registration in the Financial Analysts’ Register on the CMA's Electronic Portal

Kuwait City, January 21, 2023 – The Capital Markets Authority has launched, on its website in the electronic portal, two services related to Resolution No. (166) of 2022 Regarding Developing the Investment Advisor Activity and the One Person Company License to Practice Securities Activities and the Financial Analysts’ Register.

The service of requesting a license for securities activities - one-person company has been added to the list of services of the Licensing and Registration Department, which would enable natural persons wishing to practice the activity of investment advisor to apply to the CMA to obtain this license.

In addition, the service of requesting registration in the register of financial analysts was launched for those wishing to provide their services in accordance with the framework of the provisions regulating the persons registered in this register.

The CMA also stresses to all persons wishing to practice the activity of an investment advisor and wishing to be registered in the Register of Financial Analysts to review and comply with all the provisions of the Executive Bylaws stipulated in Module Five (Securities Activities and Registered Persons), Module Six (Policies and Procedures of Licensed Persons) and Module Eight (Conduct of Business).

The CMA is continuing to develop its electronic services in order to launch and activate all new services related to licensing investment advisor activity for a one-person company and those services related to the Financial Analysts Register.

The CMA also continues to cooperate with fellow regulatory authorities in order to develop common working mechanisms and procedures between them to facilitate the process of issuing licenses for those wishing to participate in securities activities.

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