Title: Resolution No. (34) of 2019 Regarding the License Application Submitted by Kuwait Finance House to Practice Securities Activities Pursuant to Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their Amendments
Date Publish 07 March 2019
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments; and
- License Application submitted by Kuwait Finance House to practice securities activities on 11/11/2018; and
- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.
The Following Was Resolved
Kuwait Finance House is hereby granted a preliminary approval for licensing the activity of Subscription Agent. The approval is valid for six renewable months starting from 07/03/2019 and ending on 05/09/2019 in order to meet the criteria specified by the CMA.
The Company mentioned in this Resolution will be granted a license after completing the requirements mentioned in the preliminary approval letter issued by the CMA. The CMA license certificate will have a validity of three years starting on the date of issuance, after paying the required fee upon licensing.
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance and it shall be published in the Official Gazette.
Acting Head of Supervision Sector
Issued on: 07/03/2019
Copy of the Official Document
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