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

International Monetary Fund

No 2004/352, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; insider trading; regulatory agency; KSE staff; KSE human resources; public offering; investment company; KSE rule; KSE operation; Securities; Securities markets; Legal support in revenue administration; Mutual funds; Stock markets (search for similar items in EconPapers)
Pages: 43
Date: 2004-11-08
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