Commission signs MoU with Capital Markets Authority of Kuwait

The Guernsey Financial Services Commission (“the Commission”) has signed a Memorandum of Understanding (“MoU”) with the Capital Markets Authority of Kuwait, the authority responsible for regulation of capital markets in Kuwait.

The MoU provides a framework for cooperation and information sharing between the two authorities.  Speaking about the MoU, the Commission’s Director General, William Mason, said: “This MoU was negotiated during a successful Guernsey Finance enabled visit earlier this year to financial services firms in Kuwait.  Our agreement is designed to provide assurance to Kuwaiti and Bailiwick businesses wishing to collaborate and grow mutually beneficial financial services in both jurisdictions.”