Kuwait Court of Cassation principle number 1698

Kuwait Stock Exchange. It enjoys independent legal personality and has capacity to dispose of its assets. - Kuwait Stock Exchange. Its powers and objectives. - Government supervision of the Exchange. Its manifestations. - The Exchange's Disciplinary Committee. Its jurisdiction. Considering violations attributed to traders, brokers, or companies whose securities are traded on the Exchange, of the provisions of the Amiri Decree regulating the Exchange, or the regulations and decisions governing it, or which affect the proper conduct of work therein. Its right to impose disciplinary sanctions. - Decisions issued by the Kuwait Stock Exchange Committee. Administrative decisions. They may be challenged before the Administrative Circuit of the Court of First Instance. - The elements and constituents of a public institution, consisting of undertaking the management of an economic public service having its public - 486 - Administrative legal personality. Their existence in the Kuwait Stock Exchange.