31 May 2011
(MENAFN) The Kuwaiti Central Bank Governor said that under the new regulations set by the Capital Markets Authority (CMA), investment firms in the country cannot use a single license for their lending and investment businesses, reported Reuters.
The central bank distributed a circular to all investment firms explaining the new rules, in which the central bank instructed firms to look into the possibility of fixing their positions, so that it is supervised by only one of the two parties.
Firms that choose to operate in financing will be regulated by the central bank, while those in investments and asset management will be regulated by the CMA.
It is worth noting that firms were given a one month notice in order to make a decision whether they want to pursue another license either for a lending or an investment business.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more