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Title: Resolution No. (19) of 2013 of CMA Board of Commissioners Regarding Issuance of Fee Schedule
Date Publish
28 November 2015
Resolution No. (19) of 2013 of CMA Board of Commissioners
Regarding Issuance of Fee Schedule
After perusal of:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities' Activity; and
- Resolution No. (2) of 2011 regarding the issuance of the fees schedule issued on 12/4/2011; and
- Resolution No. (4) of 2012 regarding amending the fees schedule issued on 4/6/2012; and
- Resolution No. (10) of 2012 regarding the Capital Markets Authority fees schedule issued on 29/7/2012; and
- Board of Commissioners' resolution passed in its meeting No. (6) of 2013 held on 17/4/2013 regarding the issuance of the fees schedule; and
- The work's interest.
The Following Was Resolved
Article (1): Issuing the fees schedule of the Capital Markets Authority shall be as per the following table:
|
Sr. |
Fees |
Amount (KD) |
Maturity |
|
|
Request of listing securities of both Kuwaiti and Non Kuwaiti Shareholding Companies |
Official Market: KD 10,000 |
Only once, upon submitting the listing application |
|
Parallel Market: KD 3,000 |
|||
|
|
Request of listing a collective investment scheme in the Securities Exchange |
KD 10,000 |
Only once, upon submitting the listing application |
|
|
Request of listing a foreign collective investment scheme in the Securities Exchange |
KD 10,000 |
Only once, upon submitting the listing application |
|
|
Request of licensing investment portfolios management activity
|
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Paid once upon licensing, and upon renewal every 3 years |
||
|
|
Request of licensing investment trust activity (safeguarding of assets that consist the collective investment schemes)
|
KD 1,000 |
Only once, upon submitting the application |
|
Only once, upon licensing, and upon renewal every 3 years |
|||
|
|
Request of incorporating and licensing an investment fund
|
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal |
||
|
|
Request of licensing an investment consultancy services activity |
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
||
|
|
Request of licensing investment controller activity |
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
||
|
|
Request of licensing subsidiary custodian activity
|
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
||
|
|
Request of licensing securities brokerage registered in the Securities Exchange |
KD 10,000 |
Only once, upon submitting the application |
|
KD Million |
Only once, upon licensing |
||
|
KD 100,000 |
Paid annually |
||
|
|
Request of licensing a collective investment scheme manager activity |
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
||
|
|
Request of licensing a sale agent activity |
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
||
|
|
Request of licensing a credit rating activity |
KD 1,000 |
Only once, upon submitting the application |
|
KD 10,000 |
Only once, upon licensing, and upon renewal every 3 years |
||
|
|
Request of incorporating and licensing a clearing agency |
KD 10,000 |
Only once, upon submitting the application |
|
KD 5,000,000 |
Only once, upon licensing |
||
|
KD 500,000 |
Paid annually upon renewal |
||
|
|
Request of licensing a foreign company branch in securities' activity |
KD 1,000 |
Only once, upon submitting the application |
|
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years for each activity of the securities' activities |
||
|
|
Request of licensing marketing units of foreign collective investment funds, or foreign collective investment in Kuwait |
KD 1,000 |
Only once, upon submitting the application |
|
KD 50,000 |
Paid upon licensing and renewal |
||
|
|
Request of marketing foreign securities inside Kuwait |
KD 1,000 |
Only once, upon submitting the application
|
|
|
Request of licensing a licensed person to practice its activity outside Kuwait |
KD 5,000 |
Only once, upon submitting the application |
|
|
Request of licensing an auditor in the concerned register with the Authority |
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
|
|
Request to register external Sharia audit office in the concerned register with the Authority |
KD 5,000 |
Only once, upon licensing, and upon renewal every 3 years |
|
|
Request to register the positions that must be registered with the licensed persons |
KD 100 |
Only once, upon licensing, and upon renewal every 3 years |
|
|
Fees of submitting a complaint to the Complaint and Grievances committee |
KD 100 |
Paid once upon submitting the compliant |
|
|
Fees of submitting a complaint to the Complaint and Grievances committee |
KD 500 |
Paid once upon submitting the compliant, 90% shall be recovered in case of approval |
|
|
Fees for obtaining copies of documents, records or reports kept with the Authority |
KD 1 per page |
|
|
|
Fees for obtaining copies of documents related to infringements referred to the Disciplinary Board |
Free |
|
|
|
A certificate of replacement for lost investment fund units |
KD 5 |
Paid for every shareholder for each units certificate
|
|
|
A certificate of replacement for lost company's license/ investment fund |
KD 20 |
Paid for each application of replacement of lost license |
|
|
Fees of applying for acquisition offers or merger
|
KD 10,000 |
Upon submitting the application |
|
0.001% of the value of the transaction, not exceeding KD 250,000 |
After collecting the shares by the deal manager, and signing the sale minutes |
The fees of executing the acquisition and merger deals shall be distributed as follows:
- Capital Markets Authority 60%
- The Securities Exchange 30%
- The Clearing Agency 10%
Article (2): Upon executing the acquisition or merger, no other parties shall obtain any other fees.
Article (3): All competent bodies shall execute this resolution, each in its competency. It shall take effect from the date of issue. All contradicting resolutions shall be cancelled.
Saleh Mubarak Al-Falah
Chairman, CMA Board of Commissioners
Issued on 1/05/2013
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