CMA LAW: CMA Circular No. (04) of 2026 to All Entities and Persons Addressed by Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments, Regarding the Right to Trade, Sell, and Purchase of Shares, Sukuk, and Securities by the Individuals whose Kuwaiti Citizenship has been Withdrawn, who Previously Withheld Article Five (Noble Works) or Article Eight

Pursuant to the Council of Ministers Resolution No. (1301) of 2025 issued in its meeting No. (38/2025) held on 30/09/2025, and to the memo of the Central System for the Remedy of Situations of Illegal Residents regarding the implementation of the Council of Ministers Resolution on this regard, and the CMA’s Circulars Nos. (20) and (23) of 2025.

Based on the directions, instructions, and correspondences received by the Capital Markets Authority (CMA) on 22/02/2026 regarding the subject above, the CMA issues a Circular regarding the following:

First: Implement the provisions of the Council of Ministers Resolution regarding the individuals whose Kuwaiti Citizenship has been withdrawn, who previously withheld Article Eight and Article Five, within the scope of the activities subject to the CMA’s supervision.

Second: The two mentioned categories determined in the Council of Ministers Resolutions may continue practicing their approved rights and benefits, which include the right to trade, sell, and purchase of shares, sukuk, and securities, according to the regulating controls and procedures, without prejudice to the verification and commitment requirements set forth in the related laws and regulations.

Third: The licensed entities shall verify the approved official documents issued by the competent entities and keep copies thereof within the clients’ files according to the applicable regulatory frameworks.

Fourth: The licensed entities shall notify the CMA immediately of any suspicious non-applicability of the controls or the existence of conflict in the submitted data or official documents.

Fifth: Non-adherence to this Circular or the related Circulars is considered violation that requires accountability according to the provisions of the Law No. 7 of 2010 Regarding the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments.

Accordingly, the CMA draws the attention of all entities and persons addressed by Law No. 7 of 2010 Regarding the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments to implement the above.

Emad Tifouni
Issued on 02/03/2026.

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