كونا : Kuwait Capital Market Authority successfully ends first phase of transitional period - الشؤون الإقتصادية - 19/09/2011

The Board of Commissioners of Kuwait Capital Market Authority (CMA) announced Monday the successful completing the first phase of the transitional period of enforcing the provisions of Law No. 7 of 2010 of the creation of CMA to monitor and regulate capital market activities.

In a press statement, the CMA pointed out the law has called for settling brokers and investment funds situation and the transfer of regulatory tasks to the new authority, CMA, six months after the issuance of the executive statue of the law (ending September 12, 2011).

"All brokers and investment funds have applied for the settlement of their status to comply with the regulations of the new law," the statement said.

* username: rupertbu