CmaBoardReleases
Title: Resolution No. (65) of 2021 Regarding Renewal of the Securities Activities License of Kuwait Financial Centre – MARKAZ
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
- The securities activities license certificate of Kuwait Financial Centre – MARKAZ No. (AP/2015/0021) issued on 24/08/2018; and
- Based on the request of Kuwait Financial Centre – MARKAZ to renew the license of the securities activities at the CMA; and
- Resolution No. (22) of 2021 regarding amending the authorizations of the Supervision Sector’s procedures issued on 04/03/2021.
The Following Was Resolved
Article (1)
The securities activities license of Kuwait Financial Centre – MARKAZ at the CMA is hereby renewed for practicing the following activities:
- Investment Advisor.
- Subscription Agent.
The license is valid for three renewable years, after paying the prescribed fees, starting from 24/08/2021.
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: 16/06/2021