Title: Press Release: The Capital Markets Authority Issues a Resolution on the Amendment of Some Provisions of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of the CMA’s Law

Kuwait, November 25, 2025 – Within the framework of the Capital Markets Authority’s (CMA) continuous pursuit to develop the rules that regulate securities activities, and its pursuit to be in line with the latest developments and practices in capital markets as well as the internationally recognized standards of securities activities, and based on the CMA’s vision that aims to develop the legislative and regulatory environment, the CMA has issued on Thursday dated 20/11/2025 Resolution No. (199) of 2025 on the amendment of some provisions of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments. The most prominent amendments of the mentioned resolution are as follows:

• Amending and rephrasing some provisions related to assigning an external entity to undertake the tasks of registered employment positions and Appendix (20) Application for Assigning an External Entity to Undertake the Registered Employment Positions.

• Amending the requirements of the professional certificates of Sharia Audit Officer stipulated in Appendix (3) Qualifications and Experience Required in Registered Positions and Employment Positions in Licensed Persons in accordance with Fit and Proper Rules.

• Amending Appendix (10) Application for the Nomination of Registered Positions and Employment Positions for Licensed Persons in accordance with Fit and Proper Rules through the addition of the requirement of “Criminal Status Certificate issued by the Ministry of Interior in the State of Kuwait or its equivalent in external entities in foreign countries” to the list of required documents upon submission of application.

These amendments are based on the CMA’s continuous pursuit to enhance and develop the provisions of the Executive Bylaws with respect to the persons registered with the CMA.

In conclusion, the CMA invites all licensed persons and related parties to view the latest version of the amendments and work according to its provisions through visiting the following link: www.cma.gov.kw.

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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