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Title: Resolution No. (40) of 2023 Regarding Renewal of the Securities Activities License of Kuwait Financial Centre “Markaz” Company
Date Publish
27 March 2023
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 Financial Centre “Markaz” Company No. (AP/2017/0006) issued on 15/05/2020; and
- The application submitted by Kuwait Financial Centre “Markaz” Company to renew the license of the securities activities at the CMA; and
- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.
The Following Was Resolved
Article (1)
The securities activities license of Kuwait Financial Centre “Markaz” Company at the CMA is hereby renewed for practicing the activity of Custodian.
The license is valid for three renewable years as of 15/05/2023.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 27/03/2023
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