Union of Arab Securities Authorities.

Markets Oversight

  

Active Members

The Securities and Commodities Authority, has approved application for the registration and subsequent listing on the securities markets submitted by Zima Holding Co. under Foreign Companies.

Currently there are (127) companies from different sectors listed on the financial markets including (111) local companies and (16) foreign companies. 

 

CMA announced applying for the activity of Valuation of Assets shall be according to the application form provided in Appendix No. (5) (Application for Securities Activities License) of Module five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. (7) of 2010 and their amendments. It is available for all persons who meet all the license requirements stipulated in Article (1-5) of Chapter One (Securities Activities) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. (7) of 2010 and their amendments, especially the requirements stipulated in Appendix (1) (Capital Requirements and Legal Form of Licensed Persons) of the same Module. In this case the company’s capital shall be one hundred thousand K.D. (Kuwaiti Dinar) and its legal entity as a shareholding company or limited liability, provided that one of the partners shall be an auditor registered with the CMA.
The Capital Markets Authority (CMA) has announced the end date of corporate governance reports’ submission period of 2017, pursuant to the provisions of Module Fifteen (Corporate Governance) of the Executive Bylaws of Law No. 7 of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, which stipulate that companies subject to the mentioned rules shall annually provide the CMA with an evidence of meeting the requirements set forth in the rules of corporate governance issued by the CMA.

It is worth mentioning that 197 out of 198 companies, which are subject to corporate governance rules, have submitted the required report within the specified period.

 

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