Legal Framework
From The Report: Kuwait 2016
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This chapter contains an outline of the legal framework in which local and foreign investors operate, including a look at the key changes made to bylaws governing capital markets and a rundown of the new regulations aimed at boosting investor confidence.

This chapter contains a viewpoint from Alex Saleh, Partner, Al Tamimi & Co, on the new reforms to the capital markets law.

Articles from this Chapter

Overview

Evolving governance: Regulatory changes and their implications for market activity
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On November 10, 2015 Kuwait received news through the official announcement in the Kuwait Official Gazette that the highly anticipated new bylaws governing the Capital Markets Authority (CMA) and regulating securities activities were issued pursuant to Decree No. 72 of 2015 – Executive Bylaws of Law 7 of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments (the New CMA Bylaws). The inauguration of the New CMA Bylaws was well…

Viewpoint

Strength and security: Alex Saleh, Partner, Al Tamimi & Co, on new reforms to capital markets law
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Viewpoint:Alex Saleh The past year was productive, as we witnessed the further development of the Kuwait capital markets. The promulgation of Resolution 72 of 2015 relating to the issuance of the Executive Bylaws of Law No. 7 of 2010, and of its amendments establishing the Capital Markets Authority (CMA) and regulating securities activities in Kuwait (Executive Bylaws), has been eagerly awaited, as the Kuwait capital markets regime has been in need of some updating. Since they were officially…