Title: Resolution No. (96) of 2021 Regarding the License Application Submitted by Kuwait Investment Company to Practice Securities Activities
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments; and
- Based on the license application submitted by Kuwait Investment Company to; and
- Based on Resolution No. (63) of 2021 regarding amending the authorizations of the Supervision Sector’s procedures issued on 14/06/2021.
The Following Was Resolved
The CMA hereby grants a preliminary approval to Kuwait Investment Company for licensing the activity of Market Maker.
The approval is valid for six months starting from 02/09/2021 and ends on 01/03/2022 in order to meet the criteria specified by the CMA.
The Company mentioned in this Resolution shall be granted a license after completing the requirements mentioned in the preliminary approval letter issued by the CMA. The license will be valid for a renewable period of three years starting from the date of issuance of the CMA license certificate, and after the payment of the required fee.
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of issuance and it shall be published in the Official Gazette.
Head of Supervision Sector
Issued on: 02/09/2021