The Kuwait Capital Markets Authority announced that its Disciplinary Board has issued a decision imposing a financial penalty of KWD 10,000 on Deema Capital Investment Company for violations of requirements on client assets and funds, business ethics, and collective investment regulations under the CMA framework. The breaches cited relate to Clause (5) of Article (5-1-9) of Module Seven (Clients’ Assets and Funds), Articles (2-2), (2-7) and (2-8) of Module Eight (Business Ethics), and Article (5-2-1) of Module Thirteen (Collective Investment Regulations) of the Executive Bylaws of Law No. 7 of 2010, as amended. The CMA also reiterated that it will apply its law and executive regulations across securities activities and urged market participants to comply.
Kuwait Capital Markets Authority 2026-03-05
Kuwait Capital Markets Authority disciplinary board fines Deema Capital Investment Company KWD 10,000 for breaches of client asset and business ethics rules
The Kuwait Capital Markets Authority's Disciplinary Board fined Deema Capital Investment Company KWD 10,000 for breaches related to client assets, business ethics, and collective investment regulations. Violations pertained to specific clauses in Modules Seven, Eight, and Thirteen of the Executive Bylaws of Law No. 7 of 2010. The CMA emphasized its commitment to enforcing compliance across securities activities.