A financial penalty was imposed on the Gulf Custody Company in its capacity as custodian of the Middle East Money Market Fund in Kuwaiti dinars (under liquidation) in the amount of 10,000 KWD (ten thousand dinars) for the violation attributed to it.
The Capital Markets Authority announced the issuance of Disciplinary Board Decision No. (18/2024 Disciplinary Board) (165/2023 Authority) imposing a financial penalty against the Gulf Custody Company in its capacity as custodian of the Middle East Money Market Fund in Kuwaiti dinars (under liquidation). For violating the rules of collective investment systems.