Title: Press Release: The Capital Markets Authority Issues an Appendix to the Fee Schedule Commensurate with the Services it Provides

Kuwait, November 2, 2021 - Based on the Capital Markets Authority’s continuous endeavor to enforce Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and in order for the Capital Markets Authority (CMA) to achieve its objectives, and the authority granted by law to impose fees in commensurate to the services it provides to the public dealing in securities activities and the relevant market parties, and where the CMA works diligently to develop its services and automate them to reach digital transformation, guided by the best international practice, to the extent that corresponds to its strategic goals and tasks to which its expenses are directed. Moreover, the legislator’s desire was clear when Law No. (7) of 2010 was approved, regarding granting the CMA real and effective independence with its two components represented in administrative and financial independence, in a manner that parallels its tasks and objectives of its establishment.

The CMA issued its comprehensive fee schedule in the form of Appendix (4) that was added to the second Module (Capital Markets Authority) of the Executive Bylaws of Law No. (7) of 2010 with the amendment of Item No. (1) of Article (8-10) of the same Module, and the cancellation of Resolution No. (9) of 2016 regarding the issuance of the fee schedule issued on 11/02/2016 and all its amendments.

In conclusion, the CMA would like to emphasize its constant keenness to raise the level of the service delivery mechanism, simplify its procedures, and periodically review the corresponding fees, in accordance with international best practice.

Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505 
Email: pr-media@cma.gov.kw