On Jun. 4, 2025, KUW CMA informed of launch of the second part of the third phase of the Capital Market System Development Program on Jul. 13, 2025, following Res 101.
Kuwait Clearing Company rules, recovery plan, Kuwait Central Depository Company rules, Kuwait Clearing Company governance documents are effective as of Jul. 13.
Cancelled Financial Guarantee Document, Central Lending and Borrowing Rules, and the Financial Guarantee Document (Overseas Stock Market) issued by KUW KCC.
Apply documents is limited to the purpose of regularizing depository members status.
Decision if effective as of Jul. 13, 2025, and shall be published in the official gazette.
On May 12, KUW CMA developed post-trading system infrastructure.
KUW CMA issued Decision 92/2025 re development post-trading system infrastructure.
Amended Law 7/2010 re establishing Capital Markets Authority and its amendments.
Updated book 4, book 1, book 5, book 6, book 11, book 13, book 15 of Law 7/2010.
Key Amendments
Submit stock exchange or clearing agency license as per CMA license application form.
Natural person wishing to dispose of ownership percentage of 5% or more of capital of company operating stock exchange or clearing agency activities shall obtain approval.
Listed the procedures that shall be submitted for the KUW CMA application approval.
Exchange prepared necessary conditions to join its membership after CMA's approval.
Set condition for combining practice of Central Broker Service and Derivatives Market Central Broker Service and the conditions that authority shall verify before approval.
Listed procedures for Clearing Agency entering into outsourcing agreement to perform risk management functions or transfer exclusive rights to its data to service provider.
Specified clearing center requirements, commitment renewal procedure, conditions of separating funds, assets, centers, transfer of funds, assets, property, risk assessment.
Added obligations of Pool Account Administrator and Central Securities Depository.
Clearing Agency has priority over ordinary procedures or debts if a person is subject to insolvency, bankruptcy, liquidation, or in case of a receiver is appointed for his assets.
Updated appendix 2 of book 1 re terms definition of Law 7/2010 and its amendments.
Effectiveness
Decision is effective from the date of implementation of the second part of the third phase of market development project, and shall be published in the official gazette.
May 15, 2025 Press Release
On May 15, 2025, KUW CMA issued a press release re amendments on provisions of executive bylaws regarding the development of the post trade model infrastructure.
Upgrade capital markets infrastructure in KUW, introduce infrastructure entities such as Central Counterparty (CCP), enhances existing entities function as best standards.
The amendments also aims to establish the regulatory foundations and principles for the risk management of all post-trade infrastructure entities and market participants.
Jun. 2025 Second Part of Third Phase
On Jun. 4, 2025, KUW CMA informed of launch of the second part of the third phase of the Capital Market System Development Program on Jul. 13, 2025, following Res 101.
Kuwait Clearing Company rules, recovery plan, Kuwait Central Depository Company rules, Kuwait Clearing Company governance documents are effective as of Jul. 13.
Cancelled Financial Guarantee Document, Central Lending and Borrowing Rules, and the Financial Guarantee Document (Overseas Stock Market) issued by KUW KCC.
Apply documents is limited to the purpose of regularizing depository members status.
Decision if effective as of Jul. 13, 2025, and shall be published in the official gazette.
Regulators
KUW CMA
Entity Types
B/D; Depo; Exch
Reference
PR, Res 101/2035, 6/4/2025; PR, 6/4/2025; PR, 5/15/2025; Dec 92/2025, 5/12/2025
