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Kuwait’s Capital Markets Authority said investment funds have until the end of June to comply with a law regarding ownership of securities.
The CMA “gives notice to all licensed persons of the need to settle funds investing in securities before June 30,” it said in an e-mailed statement yesterday.
The capital markets law, which places restrictions on investment funds, stipulates that funds may not own more than 10 percent of a publicly traded company, or invest more than 10 percent of the fund in one company.
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