Title: The Capital Markets Authority Launches the Service of Receiving the Reports, Complaints, and Grievances Electronically as part of its Electronic Services
Kuwait, September 05, 2021- As part of the Capital Markets Authority’s (CMA) continuous endeavor to raise the efficiency of the procedures to implement the best practices, benefit from the technological development in achieving the objectives of its establishment, reduce the documentary cycle, and improve the experience of the beneficiaries with the CMA; five electronic forms were automated through CMA’s official website within the project of developing and automating the external services. These forms included the services of receiving the reports, complaints, and grievances, and their instructions manuals in accordance with the provisions of Law No. (07) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws.
We would like to note that the electronic forms were designed using the latest technology, permitting their users to submit the previously mentioned requests of the CMA electronically through the internet. They also permit the users to attach the required documents and pay the fees electronically without the need to visit the CMA in person. The scope of the users of the electronic forms include all entities subject to CMA’s supervision as well as other entities.
In conclusion, the CMA would like to emphasize on its continuous keenness to implement the best practices in digital transformation, raise the level of the automation of offering the service, and enforce its vision that comply with the government directives regarding automating the work that shall improve the local business environment in general, which contribute in achieving the strategic development plans of the country as part of Kuwait vision “New Kuwait”.
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.
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Public Relations & Media Office