CBK Instructions for Exchange Companies

Introduction

Chapter One: Subjecting Exchange Companies to the Supervision of the Central Bank of Kuwait, and Rules and Regulations for Establishment of New Exchange Companies:

  1. Ministerial Resolution Subjecting Exchange Companies to the Supervision of the Central Bank of Kuwait (CBK), and its Explanatory Note.
  2. Circular Concerning Issuance of a Set of Rules and Regulations Related to the Establishment of Exchange Companies and the Supervision Over their Activities, which is Defining the Minimum Capital Requirements and Qualifying Key Executive Positions in these Companies.
  3. Regulations for the Establishment of Exchange Companies Approved by the Board of Directors of the Central Bank of Kuwait in its Meeting Held on 21-10-2014.
  4. Circular Concerning the Extension of the Deadline to Provide the Central Bank of Kuwait with the Time plan for Regulating Conditions of Exchange Companies.

Chapter Two: Instructions for Registration in Exchange Companies Register:

  1. Instructions Concerning the Necessity of Providing the Central Bank of Kuwait with the Exchange Companies’ Amended Articles of Association and Companies’ Compliance with the Activities Recorded Therein.
  2. Application Form for Registration in the Exchange Companies Register.
  3. Application Form for Amending Details in the Exchange Companies Register.

Chapter Three:

  1. Instructions for Regulation of the electronic Payment of Funds.

Chapter Six: Instructions Concerning External Auditor:

  1. Decree Law No. (5) Of 1981, Concerning the Practice of Auditing and its Explanatory Note.
  2. Instructions Concerning the Necessity of Providing the External Auditor with any Regulations Issued by the Central Bank of Kuwait (CBK).
  3. The Central Bank of Kuwait Must be Notified of the Company’s External Auditor’s Name Before Presenting the Name to the General Assembly of Partners (GAP).
  4. Instructions Regarding the Procedures to be Taken by the Central Bank of Kuwait in Case of Discrepancy Between the Company’s Audited Financial Statements and Data in its Financial Records, or if there are Violations Without Disclosure or Reservations.

More Instructions Available in Arabic