Kuwait Capital Markets Authority issued Resolution No. 27 of 2025 amending Module Ten (Disclosure and Transparency) of its Executive Bylaws to add a standard disclaimer that makes issuers fully responsible for the accuracy and completeness of their disclosures and removes any liability from the Authority and Boursa Kuwait Securities Exchange. The new wording is added to disclosure appendices 7, 8, 10, 11, 12, and 14. It states that the issuer bears full responsibility for the soundness, accuracy, and completeness of the disclosed information, has assumed “Care of a Prudent Person” to avoid misleading, false, or incomplete information, and that neither the Kuwait Capital Markets Authority nor Boursa Kuwait Securities Exchange has any liability for the disclosure’s contents, including damages arising from its publication, dissemination through their electronic systems or websites, or any other use.
Kuwait Capital Markets Authority 2025-02-06
Kuwait Capital Markets Authority amends disclosure and transparency appendices to add issuer liability disclaimer and exclude CMA and Boursa Kuwait responsibility
The Kuwait Capital Markets Authority issued Resolution No. 27 of 2025, amending Module Ten (Disclosure and Transparency) of its Executive Bylaws. The amendment introduces a standard disclaimer making issuers fully responsible for the accuracy and completeness of their disclosures, absolving the Authority and Boursa Kuwait Securities Exchange of any liability. This disclaimer is added to disclosure appendices 7, 8, 10, 11, 12, and 14.