With IOSCO Membership, CMA Gains Global Recognition

n line with Kuwait's ambitious vision to emerge as a leading financial and investment hub by 2035, the Capital Markets Authority (CMA) has attained notable recognition on the global stage.

In a significant stride, the CMA has been named a member of the Board of Directors of the International Organization of Securities Commissions (IOSCO), representing the Growth and Emerging Markets Committee (GEMC) for the term spanning 2024 to 2026, as per reports from Al-Jarida daily.

This achievement marks the second consecutive term that the CMA has clinched this esteemed position, highlighting its dedication to advancing national objectives and bolstering Kuwait's international presence. The GEMC of IOSCO, comprising 115 members from diverse regions, plays a crucial role in fortifying emerging financial markets by setting standards, providing training programs, and fostering information exchange and collaboration.

Kuwait's representation on the IOSCO Board of Directors via the CMA underscores a commitment to institutional excellence and reinforces the authority's pledge to principled, institutional governance. This representation allows for flexibility in selecting representatives while ensuring continuity and stability in leadership.

This milestone offers the CMA valuable opportunities for collaboration and knowledge sharing with counterparts from developed markets, enabling Kuwait to gain insights into regulatory best practices and cutting-edge investment tools.

Moreover, IOSCO's engagement with esteemed international organizations such as the Basel Committee and the Financial Stability Board aligns with Kuwait's overarching financial objectives.

This achievement stands as a testament to the CMA's active involvement in IOSCO committees overseeing various sectors and its steadfast adherence to IOSCO principles. The CMA's outstanding performance has garnered widespread appreciation within the GEMC, culminating in its successful reappointment.

Looking ahead, the CMA remains committed to leveraging its IOSCO membership to enhance regulatory frameworks, stimulate economic growth, and achieve the goals outlined in Kuwait Vision 2035. The Authority extends gratitude to the Minister of Trade and Industry for ongoing support, recognizing its pivotal role in advancing the CMA's mission and contributing to Kuwait's strategic vision for the future.

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