Title: Press Release: Workshop for all Auditors Registered with the Capital Markets Authority

Kuwait, June 25, 2023 - Within the framework of the Capital Markets Authority’s (CMA) continuous pursuit to develop the mechanism of the supervisory work, the CMA has presented a workshop on Wednesday and Thursday June 21 and 22, 2023 for all the auditors registered with the CMA under the topic of:
“Mechanism of electronically receiving the annual report on the extent of the licensed persons’ compliance with the provisions of Module Seven (Clients’ Funds and Clients’ Assets)”
The workshop has introduced auditors registered in CMA’s registers to the new mechanism of submitting the annual report, as the CMA has recently established a webpage in the CMA’s electronic portal for receiving the supervisory requirement stipulated in Article (2-5) of Module Seven (Clients’ Funds and Clients’ Assets) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.
The workshop has aimed to develop the business environment between the CMA and the auditors registered with the CMA and to raise the efficiency of work in an electronic environment.

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