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CMA LAW: Announcement Regarding Issuance of the CMA Board of Commissioners Resolution and imposition of fines against: The Securities Group Company (K.S.C.) for its procedural violation of the Provisions of Module Sixteen (Anti- Money Laundering and Combating Financing of Terrorism) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments
Date Publish
20 May 2026
The CMA Board of Commissioners decided in its meeting No. (20/2026) held on 20/05/2026 to impose fines on The Securities Group Company (K.S.C.) for its procedural violation of the provisions of Module Sixteen (Anti- Money Laundering and Combating Financing of Terrorism) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.
The aforementioned Resolution included the imposition of the following fines:
First: Imposition of a fine amounting to KWD 4,750 for violating the provision of Article (3-15) of the aforementioned Module.
Second: Imposition of a fine amounting to KWD 9,500 for violating the provision of Article (6-1) of the same Module.
In this regard, the CMA emphasizes the implementation of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments on all persons dealing in securities activities, and urges them to comply with them in order to promote investors' confidence, create a sound investment environment, and implement the Law and its Executive Bylaws according to the principles of fairness, transparency, and integrity in line with the best international practice in securities activities.
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
