Country Manual Products
Kuwait
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | Yes |
Definitions and Concepts, Regulatory Overview and Behaviour Template
Material changes
The Country Manual has been reviewed to ensure that the content of all the documents remains accurate and up to date. The changes/modifications are as follows:
In alignment with the Country Manual Private Banking (CM PB), it is highlighted that any provision of execution-only services by foreign (unlicensed) service providers on a cross-border basis into Kuwait (remote) may be accepted without triggering licensing requirements. As the account is opened abroad and the assets held abroad, the acceptance and execution of brokerage orders should not, in principle, constitute a financial activity performed within Kuwait. The Country Manual Products Behaviour Template (CM P BT) therefore now provides the answer “Grey zone/YES – No formal rules. Unofficial tolerated practice”.
Non-material changes
Some comments and content have been slightly reworded in the CM P, without introducing substantive changes to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
For more information, please contact us: info@brpsa.com
Geneva, December 2nd, 2025