CMA LAW: Press Release: The Capital Markets Authority Wins Membership in the Board of Directors of International Organization of Securities Commissions (IOSCO) as a Representative of Africa/Middle East Regional Committee (AMERC)

Kuwait, April 5, 2026 – The Capital Markets Authority (CMA) represented by Mr. Tareq Abdullateef AlShehab – Member at the CMA Board of Commissioners, has achieved a new international milestone through winning the position of representative of the Board of Directors of the International Organization of Securities Commissions (IOSCO) for Africa/Middle East Regional Committee (AMERC), as a result of an election conducted between the members of the Committee on April 1, 2026.

This positively reflects the standing of the CMA both regionally and internationally, and it exemplifies CMA’s high level of confidence among its counterpart regulators in the region as part of its effective role in developing the regulatory environment of the capital markets in line with the best practices and international standards. It also represents an appreciation to its evolving role and effective contributions in supporting and developing the capital markets and enhancing regional and international cooperation in this vital area. The Board of Directors of IOSCO is considered one of the leading platforms concerned with setting the regulatory frameworks and standards of the capital markets worldwide, which contributes to protecting the investors, enhancing integrity and transparency of the financial markets, and reducing systemic risks.

On this occasion, Mr. Tareq AlShehab stated: “This election win is a source of pride and honor to the CMA, and it reflects the level of confidence that the international community gives to the State of Kuwait and its supervisory entities both regionally and internationally. In this context, we emphasize on our commitment to continue the joint work with our partners in IOSCO to enhance the development of the regulatory frameworks and exchange expertise, which contributes to supporting the stability and integrity of the financial markets. Through this representation, we pursue to transfer the experience of the State of Kuwait and benefit from the best international practices, which enhances the efficiency of the local financial market and keeps pace with the rapid developments of the global financial sector.

The CMA continues its active presence in the IOSCO’s operations. In addition to its membership in Africa/Middle East Regional Committee (AMERC), the CMA participates in the Growth and Emerging Markets Committee (GEMC) as well as its active membership in several committees of key policy development, which includes Regulation of Secondary Markets, Regulation of Market Intermediaries, and Derivatives Markets. This enhances its contributions to draft regulatory policies on the international level.

In this context, the CMA confirms that this representation promotes the presence of the State of Kuwait in the international forums concerned with the capital markets and supports its efforts in the exchange of expertise and building strategic partnerships with various counterparts. This contributes to developing the Kuwaiti financial market, raising its efficiency, enhancing its investment attractiveness, and strengthening the principles of fairness, transparency, and stability in it.

Moreover, the CMA emphasized that this achievement forms as a motivating factor for continuing its efforts in international cooperation as well as the active participation in the development of the regulatory frameworks and professional standards that support the stability and growth of the financial markets internationally, in line with the rapid developments of the financial sector.

The CMA concludes its statement by reaffirming its permanent commitment of enhancing its supervisory and regulatory role, continuing to adopt initiatives that shall upgrade the capital market of the State of Kuwait in order to serve the national economy and enhance the country’s position as a regional and international financial centre.

Ends-
Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of the CMA's Law.
Furthermore, the Law stipulates the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs pertaining 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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