Article 21 of Capital Markets Authority Law

The Authority shall have cash reserves ensuring its long-term financial stability to meet the typical risks expected to occur in securities activity. The amount of these reserves and the manner of their formation shall be determined by a decision issued by the Council of Ministers upon the Board's proposal. The Authority shall invest these reserves. If they reach the specified amount, the surplus shall be transferred to the State Treasury; if at any time they fall below the specified amount, the Government shall replenish them and pay the shortfall. The Authority shall also have operating capital of KD 40.000.000, forty million Kuwaiti dinars Law Index 1347 Home Page Capital Markets Authority Law Law No. 7 of 2010 concerning the Establishment of the Capital Markets Authority and Regulation of Securities Activity to be used for expenditure on all aspects of the Authority's activity, paid and covered directly from the Authority's cash reserves and in accordance with the rules stipulated in the Regulations. The Authority's capital may be increased by decree.