CmaBoardReleases
Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
The Capital Markets Authority announces reporting to the Capital Market Prosecution on 13/10/2022 the occurrence of the crimes stipulated in Article (209) of the Kuwaiti Penal Code No. 16 of 1960, and the crime stipulated it Item (5) of Article (21) of Law No. (3) of 2006 Concerning Press & Publication, criminalized in Article (6) of Law No. (63) of 2015 Regarding Combating Cyber Crimes, and Article (125) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities.
The defendant posted two tweets on his (Twitter) account containing an offensive comment on the CMA, accusing it of favoring one party over another, and claiming, contrary to the fact, that the CMA has not performed its supervisory role.