The Kuwait Capital Markets Authority has launched the twenty-first issue of its quarterly electronic awareness magazine, with a strong focus on recent and ongoing capital market development initiatives alongside investor and market education content. The issue opens with an overview of key projects, including the launch of the second part of the third phase of the Capital Market System Development Program, described as introducing fundamental changes. It also highlights work related to launching a startup market on the stock exchange, the start of registration of securities-based crowdfunding platform service providers, and plans to diversify investment instruments, particularly bonds, sukuk and exchange-traded funds, as well as encouraging qualitative listings of family-owned companies and public-private partnership companies. Other features cover the central broker and qualified broker concepts, the expected effects of securities-based crowdfunding on investment activity and small and medium enterprise financing, margin trading, related-party disclosures, data theft and protection mechanisms, and the role of shareholders in protecting distressed listed companies.

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