Duties Of Securities Companies In Maintaining The Confidentiality Of Their Clients’ ‎Information

What shall the securities companies do to maintain the confidentiality of their clients’ information available to them?

The answer to this question is clarified by the team of capital and equity market lawyers at Al-Rashed, Al-Hadlaq and Al-Roudan Group for Advocates and Legal Consultants.

The executive regulations of the law establishing the Capital Markets Authority and regulating securities activity stipulated in the eighth book thereof (Business Ethics) that securities companies shall conduct their business honestly, impartially and professionally and seek to achieve the interests of its clients.

The regulation requires securities companies to adopt policies and procedures that guarantee the confidentiality of the information available to them, or the internal information they obtain in the course of practicing securities activities, in particular the data and information of their clients and their investments.

This is done by taking all measures to ensure that dealing with such data and information is dealt with confidentiality, except for the following cases:

  1. What is required by disclosure requirements in accordance with the applicable laws, in particular the Law No. 7 of 2010 establishing the Capital Markets Authority and regulating securities activity and its executive regulations.
  2. Disclosure based on judicial orders or investigative authorities.
  3. If the Client agrees to disclose it.

If you are looking for a Kuwaiti law firm that specializes in providing legal services to the securities, capital and stock market activities, you can count on us at Taqneen, Law Firm and Legal Consultations.

To book an appointment or request legal advice about the duties of securities companies in the optimal implementation of clients’ orders, we are pleased to receive your inquiries at (info@Taqneen.com).