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Title: Resolution No. (107) of 2019 Concerning Extending the Grace Period for Kuwait Clearing Company to Comply with Article 2-2-3 of Chapter Two of Module Four of the Executive Bylaws of Law No. 7 of 2010 and their Amendments
Date Publish 27 June 2019


Having Perused:

- 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
- Resolution No. (68) of 2016 Regarding Licensing Kuwait Clearing Company that Regularized its Situations Pursuant to Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments; and 
- Resolution No. (170) of 2018 and (95) of 2018 and (19) of 2018 and (113) of 2017 Regarding Extending the Grace Period Granted to Kuwait Clearing Company to Comply with Article (2-2-3) of Chapter Two of Module Four of the Executive Bylaws of Law No. 7 of 2010 and their Amendments; 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


Article (1)
The grace period granted to Kuwait Clearing Company to comply with the provisions of Article (2-2-3) of Chapter Two (Clearing Agencies) of Module Four (Securities Exchanges and Clearing Agencies) 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, specified on 26/06/2019 is hereby extended for six months, ending on 25/12/2019.   

Article (2)
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.

Zeyad Al-Fulaij
Head of Supervision Sector
 
Issued on: 27/06/2019

Copy of the Official Document

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