The Capital Markets Authority Disciplinary Board of the announced the issuance of Resolution No. (01/2022 Disciplinary Board - Grievances) (08/2021 Boursa Kuwait Violations Committee), regarding the cancellation of the committee’s resolution issued against KFH Financial Brokerage Company for violating the last paragraph of Article (4-26- 2) of Boursa Kuwait Rule Book, where the grievance was accepted in form.
The Disciplinary Board also revoked its resolution to cancel the transactions subject of the violation described in the investigations as if they never took place, as well as any consequences that may have resulted thereof, and to uphold the remaining stipulations.