Three entities to establish regulatory framework for brokerage companies

Three entities to establish regulatory framework for brokerage companies

KUWAIT CITY, Jan 10: The regulatory authorities, including the Central Bank of Kuwait, the Capital Markets Authority, and the Ministry of Commerce and Industry, have collaborated to establish a regulatory framework for dealing in derivatives and standardizing conditions for companies, reports Al-Seyassah daily. Several decisions have been issued to regulate the derivatives market, with a …

<p>The post Three entities to establish regulatory framework for brokerage companies first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, Jan 10: The regulatory authorities, including the Central Bank of Kuwait, the Capital Markets Authority, and the Ministry of Commerce and Industry, have collaborated to establish a regulatory framework for dealing in derivatives and standardizing conditions for companies, reports Al-Seyassah daily. Several decisions have been issued to regulate the derivatives market, with a significant one being the Capital Markets Authority’s November 2021 decision. This directive mandates that companies engaged in brokerage of financial derivatives or those marketing services related to derivatives must submit a request to regularize their status within a one-year transitional period. It’s important to note that the Authority’s oversight is limited to financial derivatives issued or traded exclusively in Kuwait. Concurrently, the Boursa Kuwait, in collaboration with the Kuwait Clearing Company, a