Capital Markets Authority of Kuwait

05/01/2024 | Press release | Distributed by Public on 05/02/2024 00:36

The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of Crime

Title:The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of Crime

Date Publish01 May 2024

The Capital Markets Authority announces filing a report with the Prosecutor General on 01/05/2024 regarding the occurrence of the crime stipulated in Item (2) of Article (127) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and amendments thereto. This is due to the failure of the defendant (a formerly listed Company) until the date of submitting this Report to implement a final resolution issued by the Disciplinary Board to pay the fine prescribed in Resolution No. (63/2023 Disciplinary Board - 96/2023 Authority) despite the fact that they were properly served the notice of the Resolution on 14/02/2024.

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.