CmaBoardReleases
Title: Invitation to Participate in the Opinion Poll of the Draft Provisions of the Division of the Companies Licensed or Listed in the Exchange
In order to achieve the strategic objectives of the Capital Markets Authority (CMA), represented in the development of the efficiency of the legislative structure of the capital and investment markets by reviewing the existing legislations and applying the necessary updates thereto, the CMA has worked on developing and amending some provisions 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. This is accomplished through setting the provisions of the division of the companies licensed or listed in the Exchange, which are established for the purpose of completing the issuance of the bylaws and the provisions regulating the capital markets that are necessary for the implementation of the provisions of the CMA’s Law of establishment and its Executive Bylaws, to be in in line with Item (6) of Article (4) of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments.
This step enables the capital market to possess the elements of competition regionally by providing an attractive investment environment for foreign investments, localizing the local investments, and creating suitable investment opportunities under the appropriate protection of stakeholders.
Moreover, within the framework of the approach adopted by the CMA in communicating and coordinating with the concerned entities, and its permanent keenness to strengthen the financial sector and its institutions, we are pleased to invite you to review the proposed draft rules so that you can submit your comments and opinions, no later than Thursday July 1, 2021.
Mechanism for submitting opinions and suggestions to the CMA:
Opinions and suggestions may be submitted by visiting the website of the opinion poll:
https://www.cma.gov.kw/ar/web/cma/survey-may