The Objectives of Capital Markets Authority Law: - To organize stocks and securities in a fair, transparent and competitive way.
- To keep the public aware of stock activity, the dangers, the benefits and the responsibilities associated with investing in securities and encouraging growth.
- To provide protection to those partaking in the activity of securities and stocks.
- To implement policies regarding full disclosure and transparency in order to prevent conflict of interest and the exploitation of insider information.
- To ensure the compliance with the laws and regulations related to the activities of securities.
- The full force of the law requires the Kuwait Clearing Company (KCC) to begin with implementation of the implementation of the following commitments, contained in the interim period from the year of the publication of the law in the official gazette:
- Increase capital to 20 million Kuwaiti dinars.
- To provide a bank guarantee to the CMA no less than eight million Kuwait dinars.
- The introduction of a strategic partner is only allowed with the approval of the authority.
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