The Capital Market’s Authority’s Disciplinary Board issued a resolution to impose a fine against KIC Brokerage Company for violating the rules for securities activities and registered persons, as follows:: For violating the provisions of Article (11- 2- 3) of Module Five (Securities Activities and Registered Persons) of the Executive Regulations of Law No. 7 of 2010 and their amendments, for not yet filling the vacancy of the risk management officer position in the Company’s authorized persons register since 31 January 2022 within the legal deadline which ended as of 31 July  2022.  
The resolution included imposing the following penalty: Imposing a financial penalty on KIC Financial Brokerage Company in the amount of KWD 2,000 for the above mentioned violation.