Kuwait: Financial Sector Assessment Program—Detailed Assessments of Observance of Standards and Codes—International Organization of Securities Commission (IOSCO)—Objectives and Principles of Securities Regulation

November 8, 2004

Summary

The Detailed Assessments of the Observance of Standards and Codes on the IOSCO Objectives and Principles of Securities Regulation on Kuwait review preconditions for effective securities regulation. The securities market in Kuwait is the second largest in the Arab world in terms of value of trading and market capitalization. A set of well-articulated and clear regulations and procedures governing public offering of securities, including tender offers, should be prepared and enforced. Rules governing mergers and acquisitions are not in place and need to be well defined.

Subject: Financial institutions, Financial markets, Legal support in revenue administration, Mutual funds, Revenue administration, Securities, Securities markets, Stock markets

Keywords: CR, insider trading, investment company, ISCR, KSE human resources, KSE operation, KSE rule, KSE staff, Legal support in revenue administration, Mutual funds, public offering, regulatory agency, Securities, Securities markets, Stock markets

Pages:
43
Volume:
2004
DOI:
https://doi.org/10.5089/9781451822311.002
Issue:
352
Series:
Country Report No. 2004/352
Stock No:
1KWTEA0052004
ISBN:
9781451822311
ISSN:
1934-7685

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