CmaBoardReleases
Title: Resolution No. (124) of 2017 Regarding Renewal of the Securities Activities License of Kuwait & Middle East Financial Investment Company
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments;
- The securities activities license certificate of Kuwait & Middle East Financial Investment Company No. 0003/2014/AP issued on 03/09/2014; and
- Based on the request of Kuwait & Middle East Financial Investment Company to renew the securities activities license at the CMA; and
- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No. (18) of 2015 held on 03/06/2015 on delegating some of the Supervision Sector’s competences; and
- Based on CMA Board of Commissioners Resolution No. (7-17) of 2017 passed in its meeting No. (17/2017) held on 25/04/2017 on appointing a deputy for the head of Supervision Sector in case of his absence and authorizing him of the same competences of the head of the Supervision Sector mentioned in Resolution No. (44) of 2015
The Following Was Resolved
Article (1)
The securities activities license of Kuwait & Middle East Financial Investment Company is hereby renewed at the CMA for practicing the following activity:
- Securities Broker not registered with an Exchange.
- Investment Advisor.
- Investment Portfolio Manager.
- Collective Investment Scheme Manager.
The license term is three renewable years after paying the required fees.
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.
Mubarak Alrefaei
Acting Head of Supervision Sector
Issued on: 21/08/2017