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…
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.