CmaBoardReleases
Title: Resolution No. (120) of 2022 Regarding Renewal of the Securities Activities License of Kuwait Clearing Company
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 Clearing Company No.(AP/2016/0016) issued on 04/7/2019; and
- The application submitted by Kuwait Clearing Company to renew the license of the securities activities at the CMA; and
- CMA Board of Commissioners Resolution passed in its meeting No. (26) of 2022 held on 20/07/2022; and
The Following Was Resolved
Article (1)
The securities activities license of Kuwait Clearing Company at the CMA is hereby renewed for practicing the activity of a clearing agency, to provide:
-Central Securities Depository.
-Settlement and Clearing.
The license is valid for three years, renewable, starting from 04/07/2022.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 04/07/2022, and it shall be published in the Official Gazette.
Prof. Ahmad A. Al-Melhem
Issued on: 24/07/2022