CMA LAW: Press Release: Addendum No. (1) Regarding Amendment to the Memorandum of Understanding on the Coordination of Cooperation Between the Ministry of Commerce and Industry and the Capital Markets Authority Regarding "Beneficial Ownership Data"

Kuwait, October 25, 2026 - Within the framework of ongoing cooperation and coordination between the Ministry of Commerce and Industry and the Capital Markets Authority (CMA), and further to the memorandum of understanding regarding the coordination of cooperation between the two entities signed on February 18, 2024, both the Ministry and the CMA signed Addendum No. (1) regarding Amendment to the memorandum of understanding concerning 'beneficial ownership data' on October 19, 2026. This step is an extension of the cooperation frameworks established by the memorandum and an enhancement considering developments related to the fields of work of both entities.

The Memorandum of Understanding concluded in 2024 was part of both entities' efforts to enhance integration and coordination in work mechanisms, and to facilitate the exchange of necessary data and information between them, in a way that supports the efficiency and clarity of procedures in areas of common interest.

Also, Addendum No. (1) comes to enhance cooperation between the Ministry and the Capital Markets Authority in the field of beneficial ownership data, by establishing a clearer framework for the exchange of relevant available information, which contributes to supporting the accuracy, completeness, and updating of beneficial ownership information, while affirming that each entity exercises its role within the limits of its assigned competencies and in accordance with valid legislation and decisions.

The signing of the addendum also reflects the commitment of both parties to further develop cooperation, coordination, and information exchange frameworks. It aims to enhance integration between their respective mandates, leverage the information available to each, contribute to raising institutional efficiency, and support the effectiveness of the transparency framework related to ultimate beneficial owner information, in alignment with relevant standards and practices.

Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.

Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.

For further information, please contact:
Awareness, Public Relations and Communication Office
Tel: 1888898
Email: pr-media@cma.gov.kw
 

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