CMA prevents individual institutions from creating investment portfolios – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 18-Oct-2022
- Source: Arab Times Kuwait
- Sector:Financial Markets
- Country:Kuwait
CMA prevents individual institutions from creating investment portfolios – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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Measures serve to raise confidence of investors
KUWAIT CITY, Oct 17: The Capital Markets Authority (CMA) has amended the requirements for categories that wish to create investment portfolios for securities, as it has prevented individual institutions from creating investment portfolios, reports Al-Jarida daily. The Authority kept the rest of the requirements that the authorized person must manage the investment portfolios of securities, as they are, which came as follows — not to establish investment portfolios for his benefit with another authorized person, with the exception of portfolios established with another authorized person to invest in foreign markets, as well as the investment portfolio pledged as a guarantee for one of the banks, and there was agreement between the two parties to the portfolio contract and the bank to manage the investment portfolio, and trading its components with the knowledge of the other authorized person.
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