Title: CMA Circular No. (07) of 2024 “Circular to All Entities and Persons Addressed by Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments” Regarding Dealing with Individuals whose Kuwaiti Citizenship has been Withdrawn

In light of Resolution No. (296 of 2024) issued by the Council of Ministers during meeting No. 11 of 2024 held on 19/03/2024, authorizing the  Central System for the Remedy of Situations of Illegal Residents to coordinate with government entities and other relevant agencies to regulate, amend and follow up on the situations of individuals whose Kuwaiti citizenship has been withdrawn, and  in reference to CMA Circular No. (03) of 2024 issued on 02/06/2024, and Circular No. (04) of 2024 issued on 30/6/2024 Regarding the Remedy of the Situations of Individuals whose Kuwaiti Citizenship has been Withdrawn.

CMA draws the attention of all licensed persons subject to CMA’s supervision to adhere to the resolutions and circulars issued by the Council of Ministers and The Central System, with regard to dealing with individuals whose Kuwaiti citizenship has been withdrawn, and not to conduct any transactions related to them.

It is also emphasized that the card issued by the Central System for the Remedy of Situations of Illegal Residents whose Kuwaiti citizenship has been Withdrawn provides health care and education services only.

Prof. Ahmad Al-Melhem

Issued on: 01/08/2024.

Copy of the Official Document