The Kuwait Capital Markets Authority (CMA) has signed a memorandum of understanding (MoU) with the Financial Services Authority of Guernsey to support cross-border supervisory cooperation, including the optional exchange of information under each authority’s laws and policies. The MoU sets out arrangements for sharing documents and information of mutual interest, limiting use of information to the requesting authority’s specified purpose, and enabling cooperation in inspections and investigations, including participation by representatives of the requesting authority in investigations conducted by or on behalf of the requested authority. It also provides for consultation and requests for assistance and establishes confidentiality frameworks intended to protect data and privacy. The CMA said the MoU follows a meeting between the two authorities in January that agreed on joint cooperation and the preparation of a regulatory framework to facilitate bilateral cooperation.
Kuwait Capital Markets Authority 2025-08-13
Kuwait Capital Markets Authority and Guernsey Financial Services Authority sign memorandum of understanding to enable information exchange and supervisory cooperation
The Kuwait Capital Markets Authority signed a memorandum of understanding with the Financial Services Authority of Guernsey to enhance cross-border supervisory cooperation, including information exchange and joint inspections. The MoU outlines arrangements for document sharing, confidentiality, and mutual assistance in investigations. This agreement follows a January meeting aimed at establishing a regulatory framework for bilateral cooperation.