CMA LAW: Press Release: The Capital Markets Authority Participates in the 7th Meeting of the Peer Review Group of the Global Forum on Transparency and Exchange of Information for Tax Purposes in the Organization for Economic Co-operation and Development (OECD)

Kuwait, June 30, 2026 – As part of the Capital Markets Authority's (CMA) efforts to implement the cooperation protocol on coordination between the Ministry of Finance and regulatory bodies, and within the framework of executing the recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes, in cooperation with the Organization for Economic Co-operation and Development (OECD), regarding the assessment of the State of Kuwait in the field of tax transparency, the CMA participated, through its representatives, in the 7^th Meeting of the Peer Review Group of the Global Forum on Transparency and Exchange of Information for Tax Purposes in the Organization for Economic Co-operation and Development (OECD), held in Paris, France, from June 22-26, 2026.

The delegation of the State of Kuwait to this meeting, which falls within the  preparations for the upcoming assessment of the State of Kuwait by OECD within the scope of Tax Exchange Information upon request, was led by His Excellency the Undersecretary of the Ministry of Finance, with the participation of representatives from the CMA, the Central Bank of Kuwait, the Ministry of Commerce and Industry, and the Financial Intelligence Unit.

It is worth noting that the Ministry of Finance of Kuwait has signed two international agreements on the sidelines of the meeting, the first of which was the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC-R MCAA); the second one was Addendum to Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA 2.0 Addendum).

The participation of the CMA and the other regulatory bodies in the State of Kuwait is considered a significant step in the preparation for the actual assessment of Kuwait by OECD, which will greatly enhance the country's commitment to international standards of transparency and information exchange for tax purposes.

This participation also reflects the keenness of relevant authorities in the State of Kuwait to unify and integrate efforts to ensure the effective implementation of the new legal and regulatory framework, thereby contributing to achieving the highest levels of compliance, strengthening confidence of international community in the regulatory and financial system in the State of Kuwait, and supporting its status in relevant international reports and assessments.

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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:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw

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