The Kuwait Capital Markets Authority has launched the evaluation period for the initial implementation phase of Module Nineteen (Financial Technologies) under the Executive Bylaws of Law No. 7 of 2010 and its amendments. The evaluation is intended to test how effectively the current regulatory framework works for the securities-based fintech services covered by the module and to identify improvements. The assessment will gather and analyse operational, technical and supervisory observations as part of the integrated initial implementation phase introduced under Decision No. 181 of 2023. The Authority will announce the re-opening of applications for registration in its Securities-Based Financial Technologies Register after the evaluation period ends, alongside new instructions expected to reflect market developments and needs.
Kuwait Capital Markets Authority 2025-07-02
Kuwait Capital Markets Authority starts evaluation period for the initial implementation of Module Nineteen Financial Technologies
The Kuwait Capital Markets Authority has begun evaluating Module Nineteen (Financial Technologies) under the Executive Bylaws of Law No. 7 of 2010. This phase assesses the regulatory framework's effectiveness for securities-based fintech services and identifies potential improvements. After the evaluation, the Authority will reopen applications for its Securities-Based Financial Technologies Register with updated instructions.