The Kuwait Capital Markets Authority submitted two reports to the Attorney General concerning an alleged offence involving the continued practice of investment portfolio management despite the Authority having revoked the licence to conduct that activity. The referrals relate to the crime set out in item (4) of Article (63) of Law No. 7 of 2010 on the establishment of the Capital Markets Authority and the regulation of securities activities (as amended), which is criminalised under item (1) of Article (126) of the same law.
Kuwait Capital Markets Authority 2025-09-25
Kuwait Capital Markets Authority refers two cases to the Attorney General over continued investment portfolio management after licence revocation
The Kuwait Capital Markets Authority has referred two reports to the Attorney General regarding an alleged offence of unauthorized investment portfolio management following licence revocation. The referrals pertain to violations under Article (63) and Article (126) of Law No. 7 of 2010.