CmaBoardReleases
Back to Search
CMA LAW: Resolution No. (74) Regarding Granting Kuwait Investment Company Securities Activities License Pursuant to Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments
Date Publish
04 August 2016
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments; and
- The license application submitted by Kuwait Investment Company dated 3/2/2016; and
- CMA Resolution No. (10) of 2016 Regarding Granting Preliminary Approval to Kuwait Investment Company
- And based on CMA Board of Commissioners Resolution passed in its meeting No. (25) of 2016 held on 03/08/2016.
The Following Was Resolved
Article (1)
Kuwait Investment Company is hereby granted approval of licensing the following securities activities:
- Securities broker not registered in the Securities Exchange.
- Investment Portfolio Manager.
- Collective Investment Scheme Manager.
- Custodian.
- Investment Controller.
- Subscription Agent.
Article (2)
License is granted for three years, subject to renewal from the date of issuing CMA license certificate, after paying the assigned fees upon licensing.
Article (3)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance. It shall be published in the Official Gazette.
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners
Issued on: 03/08/2016
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.
