KUWAIT, Dec 16 (KUNA) -- Boursa Kuwait has joined the International Organization of Securities Commissions (IOSCO) as an official member, the Kuwaiti stock exchange announced Saturday.
This is a great success for the Company and the history of Kuwaiti stock market, said Khaled Al-Khaled, Boursa Kuwait's CEO in a statement.
Each accomplishment is a step on the right path and sought after goals, he added.
Al-Khaled pointed out that IOSCO is an international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. It develops, implements and promotes adherence to internationally recognized standards for securities regulation as it works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda, he said Since its establishment in April 2014, Boursa Kuwait made significant and unprecedented strides, most recent of which was on September 29, when the Financial Times Stock Exchange (FTSE) Russel has promoted it to an emerging market.
Boursa Kuwait is a private entity that took over and managed the Kuwait stock market and is progressively operating its transition, while delivering on three main fronts; transparency, efficiency and accessibility. (end) mka.hb