As part of its ongoing efforts to enhance knowledge and develop competencies in the investment and financial sectors, The Union of Investment Companies (UIC), through its training arm - the Investment Studies Center (ISC), organized a program on "Collective Investment Schemes according to CMA law and its Executive Bylaw", on 05th December 2024, at UIC premises, where the program was presented by Counselor Amr Hafez - First Deputy - Head of the Legal Department at Kuwait Financial Centre S.A.K.C., and a member of the Legal Committee of UIC.
In this context, UIC clarified that the program came to excel in their commitment to supporting cadres working in the investment sector and enabling them to keep pace with joining the rules and regulations, as the program aims to enhance awareness, participation and efforts in the laws and regulations of collective investment systems and the Capital Market Law. And its active regulations, including ensuring companies' compliance with laws and regulations, and upgrading them, which contribute to a large number of regulatory bodies, and an effective contribution to sustainable development.
The program focused on reviewing the images of collective investment systems approved by the Capital Markets Authority, where the different glasses of these electronics were explained in meeting the needs of investors and diversifying the trading of available investment options. These electronics affect the limited insurance on a legal framework for distribution rights and have many.
This program also addressed the role of providers of collective investment services, such as investment managers, custodians, investment monitoring, and Sharia monitoring, and highlighted the specificities of the brands that were discovered and their limits, including ensuring the protection of all scientific evidence to eliminate drugs in the market, and included topics of importance in determining the fees of service providers with specific standards; which contributes to improving the efficiency of financial liquidity, in addition to explaining the restrictions that individuals working in investment companies must adhere to in order to avoid conflicts, and work accurately with a full life, including investors in a safe and fair environment.
Regarding promotional advertisements for socialism, the program comprehensively addressed advertisements supporting investors, focusing on the absence of rules that prevent the use of misleading or inaccurate data, and highlighted how to achieve diversity between encouraging activity on the credibility of the market through advertisements for ease with distinctive clarity.
The procedures related to evaluation, subscription, and redemption within collective investment systems were discussed, where the conditions that include insurance in investment insurance assets and determining the rights of investors were clarified, and the restrictions imposed on the transfer of ownership rights were abolished, with a focus on how to ensure the full protection of insurance rights during transfer operations.
In another aspect, the program reviewed the experiences facing the management of collective investment groups, by providing solutions based on real experiences and experiences; to ensure compliance with laws and regulations, including diversity from biodiversity and contribute to their sustainability.
UIC concluded calling for joining their senior professional competencies and acquiring advanced and innovative tools, as they were able to implement the legal and regulatory challenges in the investment sector, to follow the upcoming events that are increasing with their organization by visiting the website or following its official accounts on social media platforms.