KUWAIT: The Capital Markets Authority of Kuwait has declined the request of Al Imtiaz Investment Group to renew its securities activities license as an investment portfolio manager. The regulator cited the company’s lack of capacity and competence required to practice securities activities in the country.
Al Imtiaz will be handing over its clients’ funds and assets under its securities activities within one year from the date of the regulator’s decision.
Categories:
Regulations & StandardsRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
