The Kuwait Capital Markets Authority issued an explanatory announcement to entities, licensed persons and individuals subject to its regulatory framework, reiterating that Circulars Nos. 20 and 23 of 2025 are the binding reference for handling customers and counterparties whose Kuwaiti nationality was previously revoked. The clarification links the required procedures to decisions of the Council of Ministers and to further decisions expected to regulate the rights and benefits of affected persons, including cases under Article Eight (wives of Kuwaitis) and Article Five (noble deeds) of the Kuwaiti Nationality Law and those who acquired nationality by dependency. It also confirms that state-approved identity documents and applications may be accepted, including a civil ID issued via the My Identity application and identity documents or certificates issued by the Central Agency for Dealing with the Status of Illegal Residents, provided they are valid and have been verified and authenticated under the applicable procedures at the time of the transaction.
Kuwait Capital Markets Authority 2025-09-24
Kuwait Capital Markets Authority clarifies mandatory procedures and acceptable ID documents for persons whose Kuwaiti nationality was revoked
The Kuwait Capital Markets Authority reiterated that Circulars Nos. 20 and 23 of 2025 are binding for handling customers and counterparties whose Kuwaiti nationality was revoked. The announcement aligns procedures with Council of Ministers' decisions and addresses rights under the Kuwaiti Nationality Law. It confirms acceptance of state-approved identity documents, including those from the Central Agency for Dealing with the Status of Illegal Residents, if verified and authenticated.