تنظيم التعامل الآجل والبيوع المستقبلية في سوق الكويت للأوراق المالية: بين إتاحة العقود الأجلة وحماية السوق العاجلة

Abstract EN

Under the development of the savings volume and the liquidity increasing in addition to the investment awareness maturity among the Kuwaiti Securities Exchange traders, the need for a transaction based on delaying in finalizing deals agreed to a later time have appeared for achieve the goals of investment, and this what future contracts do.

And usually results from such future transactions some profound effects, which effect on securities prices which are traded directly in direct market, and this situation entailed the management of the Kuwait Securities Exchange to regulate the trading on forward dealing and future sales.

And it is clear that regulation of trading on forward dealing and future sales needs to reconcile between two things, the first one is to give dealers the freedom to deal in this future contract, and the second one is to protect the direct market from the profound effects of future contracts on its prices.

and we will see through this research how the Kuwait securities exchange has tried to reconcile between these two things through the regulation of the forward dealing and future sales, and we will show the positive points of this regulation through our analysis of its texts, and we will show the points that we propose to modify, in order to reach to the best possible regulation text, and we will finish to a set of findings and recommendations.