CmaBoardReleases
Title: Resolution No. (15) of 2018 Regarding Renewal of the Collective Investment Scheme License of Markaz Mumtaz 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;
- The collective investment scheme license certificate of Markaz Mumtaz Fund No. F/2015/0011 issued on 05/02/2015; and
- CMA Board of Commissioners Resolution No. (10) of 2015 regarding the collective investment scheme license granted to investment funds which have been through the reconcilement process; and
- The application submitted by Kuwait Financial Centre 'Markaz' Company to renew the license of Markaz Mumtaz Fund; and
- Resolution No. (9) of 2018 on organizing the final approval authorizations of CMA’s sectors procedures and delegations issued on 17/01/2018.
The Following Was Resolved
Article (1)
The collective investment scheme license of Markaz Mumtaz Fund is hereby renewed for three years, renewable after paying the prescribed 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: 05/02/2018