The Kuwait Capital Markets Authority announced that it submitted four reports to the Attorney General on 2 April 2026 concerning the occurrence of the crime set out in item 2 of article 127 of Law No. 7 of 2010, after a company previously licensed by the authority failed, by the submission date, to implement final Disciplinary Board decisions requiring payment of fines under resolutions No. 64/2024, 65/2024, 66/2024 and 67/2024, despite the resolutions having been notified to the company as a valid legal declaration on 11 February 2026.
Kuwait Capital Markets Authority 2026-05-02
Kuwait Capital Markets Authority refers a formerly licensed company to the Attorney General in four cases over unpaid disciplinary fines
The Kuwait Capital Markets Authority has referred four reports to the Attorney General regarding a former licensed company’s failure to implement final Disciplinary Board decisions requiring payment of fines under resolutions No. 64/2024, 65/2024, 66/2024 and 67/2024. The authority stated that the resolutions were duly notified to the company on 11 February 2026, but remained unimplemented as of 2 April 2026, constituting the crime set out in item 2 of article 127 of Law No. 7 of 2010.