Market Authority affirms rights of formerly stateless individuals in securities trading
The Capital Markets Authority has reaffirmed the continued right of individuals who had their Kuwaiti nationality revoked from the 1965 Census category to engage in trading and buying and selling securities. This is based on recent amendments that guarantee their rights, including holdings in stocks and bonds, under specific regulations. The Authority stated that these individuals, whether who obtained citizenship through descent or whose nationality was withdrawn, can continue to participate in trading on the Kuwait Stock Exchange and the securities market in accordance with the decisions of the Council of Ministers. It also emphasized that the procedure for verifying their identities through valid official documents remains in effect.
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