CMA LAW: Resolution No. (34) of 2013 of CMA Board of Commissioners Regarding Revoking the license of Bond & High Yield Fund and Removing it from CMA’s Investment Funds Register

Having Perused:
 
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its Executive Bylaws; and

- The request of KIPCO Asset Management Company to liquidate Bond & High Yield Fund and removing it from CMA’s investment funds register; and

- Based on CMA Board of Commissioners Resolution passed in its meeting No. (16) of 2013 held on 30/9/2013 on revoking the license of Bond & High Yield Fund and removing it from CMA’s investment funds register.

The Following Was Resolved

Article (1)
The license of Bond & High Yield Fund is hereby revoked and removed from CMA’s investment funds register.

Article (2)
The concerned bodied shall execute this Resolution, each within its jurisdiction. It shall come into force from the date of its publication in the Official Gazette.

Saleh Mubarak Al-Falah
Chairman, CMA Board of Commissioners

Issued on: 3/10/2013

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