Kuwait Capital Markets Authority introduces multi-asset fund investment controls and amends collective investment scheme rules

The Kuwait Capital Markets Authority issued Decision No. 18 of 2026 to introduce dedicated investment controls for multi-asset funds and to amend parts of its Executive Regulations governing collective investment schemes, including related fee, documentation, and fund investment control requirements. The changes take effect on 12 February 2026. The decision amends Book One (Definitions) and selected provisions of Book Thirteen (Collective Investment Systems), updates Appendix No. 4 in Book Two covering the Authority’s service fee schedule, and revises the application form for marketing units of a collective investment scheme established outside Kuwait. It also adds a subscription prospectus template for such foreign schemes and a new annex addressing institutional marketing of their units. The investment control annexes for other fund types are amended, including for securities funds, money market funds, debt instrument funds, real estate funds, holding funds, exchange-traded income-generating real estate funds, and venture capital funds, alongside the addition of a new annex setting out multi-asset fund investment controls. Managers of existing funds are exempt from the requirement to align with the amendments made under the fee schedule changes, while existing funds may opt to use the newly introduced provisions and revised concentration ratios by fund type, subject to the Authority’s prior approval of amendments to the fund’s constitutional documents. The decision is to be published in the Official Gazette.