covid19 - CMA

The Main Resolutions and Procedures of the Precautionary Period Against COVID-19

As part of the supervisory role of the Capital Markets Authority (CMA) stipulated in the Law of its establishment, and in line with the precautionary procedures issued by the official entities that are concerned with facing COVID-19, the CMA has issued several resolutions and procedures during these exceptional circumstances to ensure the continuity of the trading transactions of the Kuwaiti financial market system in a way that guarantees the rights of all its relevant parties from investors and traders, and to support one of the important economic facilities in the country.

These resolutions and procedures are listed below.

Announcement Regarding the Resumption of Business and the Mechanism of Work for the General Register of the Capital Markets Authority

Resolutions:

1. Resolution No. (30) of 2020 Regarding the Financial Statements for the Period Ending on 31/3/2020
2. Resolution No. (31) of 2020 Regarding Amending Some Provisions of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their Amendments
3. Resolution No. (33) of 2020 Regarding Renewal of the Securities Activities License of Boubyan Bank of Kuwait at the CMA
4. Resolution No. (34) of 2020 Regarding Amending Some Provisions of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their Amendments

Circulars:

1. Circular No. (2) of 2020 Regarding Policies and Procedures for Emergency Plans and Follow-up of Business Continuity for Licensed Persons Whose Activities are Related to the Trading Activities at the Securities Exchange
2. Circular No. (3) of 2020 Regarding Holding the General Assemblies of the Financial Year that Ended on 31/12/2019 through the Electronic System
3. Circular No. (04) of 2020 Regarding Holding Unit Holders Assemblies of Investment Funds
4. Circular No. (5) of 2020 Regarding Postponing the Date of Holding the General Assemblies of the Financial Year that Ended on 31/12/2019 through the Electronic System

Announcements:

1. Announcement Regarding Conducting CMA Essential Work During the Official Holiday
2. Announcement to all Addressees of the Provisions of Law No. 7 of 2010 and its Executive Bylaws and their Amendments
3. Announcement Regarding Conducting CMA’s Essential Work Concerning Trading in the Exchange
4. Expanding the Scope of CMA’s Essential Work During the Holiday
5. Announcement Regarding Conducting CMA Essential Work During the Total Lockdown Period
6. Announcement Regarding the Exchange of Information According to the Common Reporting Standard (CRS)
7. Announcement Regarding Completing the Mandatory Acquisition Procedures Presented by Al-Khair International Company for the Sale and Purchase of Shares for all Shares of Arkan Al-Kuwait Real Estate Company
8. Announcement Regarding the Preparedness for Gradual Return to Work

Press Releases:

1. Postponing CMA’s Fifth Annual Conference “Capital Markets Role in Economic Development and Financial Reform Programs”
2. Press Release Regarding CMA's Resolution No. (30) of 2020
3. Clarification from the Capital Markets Authority Regarding Crowdfunding via Digital Platforms
4. The Exceptional Meeting of the Heads of GCC Capital Markets Authorities Committee (or their Equivalents) in the GCC States
5. Press Release Regarding Postponing the Entrance of the Kuwaiti Companies’ Shares in MSCI Indices for Emerging Markets
6. Press Release Regarding Resolution no. (31) of 2020
7. The CMA Approves the First Trading of its Kind for One of Kuwait Authority for Partnership Projects’ Companies

CMA’s continuous services and their mean of communication:

The Supervision Sector:

1. The requests of buying and selling the treasury shares

treasury-shares@cma.gov.kw

2. Submitting the annual financial statements

annual-financials@cma.gov.kw

3. Notifications regarding holding the unit holders’ assemblies of investment funds electronically

ifd@cma.gov.kw

4. Requests of the capital increase, decrease, and restructure, and issuance of the bonds and sukuks

cf@cma.gov.kw

5. Requests of approving the actual control on the licensed person

lrd@cma.gov.kw

6. The general assemblies of the listed companies and the licensed persons

general-assembly@cma.gov.kw

7. Requests of the licensed persons (licensing, renewal, cancelling, suspending) as well as the registered persons (Registered Employment Positions, auditors, external Sharia auditing offices)

Through CMA’s Electronic Portal

The Markets Sector:

1. The Director of the Mergers and Acquisition Department

halgharabally@cma.gov.kw

2. Mergers Section Manager

nalsanea@cma.gov.kw

3. Markets Regulation Department

mrd@cma.gov.kw

4. Disclosures Department

efsah@cma.gov.kw

The Legal Sector:

1. Investigations Department

inves.dept@cma.gov.kw

The awareness guide of the Coronavirus prevention issued by the Ministry of Health of Kuwait:

The guide’s link

Communicate with the awareness office through the following email address:

aw@cma.gov.kw

For any other enquiries, kindly click on the following link:

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