CmaBoardReleases
Title: Resolution No. (51) of 2023 Regarding Renewal of the Collective Investment Scheme License of Markaz Fixed Income Fund
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 collective investment scheme license certificate of Markaz Fixed Income Fund No. (LCIS/2014/0030) issued on 30/06/2020; and
- The application of Kuwait Financial Centre “Markaz” Company to renew the license of Markaz Fixed Income Fund; 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 collective investment scheme license of Markaz Fixed Income Fund is hereby renewed for three renewable years, as of 30/06/2023.
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: 30/03/2023.