The Kuwait Capital Markets Authority (CMA) has submitted a report to the Attorney General alleging that a whistleblower, identified as a listed company, committed offences under Kuwait’s capital markets framework. The CMA links the report to the listed company’s alleged conduct of investment portfolio management without obtaining the required CMA licences and to an assertion made against the CMA that it had taken an action it had not. The referral cites the crime set out in Item (2) of Article 63 of Law No. 7 of 2010 establishing the CMA and regulating securities activities, as amended, which is criminalised under Item (1) of Article 126 of the same law, as well as the crime set out in Article 125.
Kuwait Capital Markets Authority 2025-09-03
Kuwait Capital Markets Authority submits report to Attorney General over alleged unlicensed portfolio management and false claims by a listed company
The Kuwait Capital Markets Authority (CMA) has referred a whistleblower, identified as a listed company, to the Attorney General for alleged offences under Kuwait’s capital markets framework. The allegations involve managing investment portfolios without the necessary CMA licences and making false assertions against the CMA. The referral cites violations of Article 63 and Articles 125 and 126 of Law No. 7 of 2010.