Kuwait's iFSAH System Becomes the Sole Disclosure-Filing Channel: CMA Circular No. 11 of 2026

The Capital Markets Authority (CMA) has set 1 July 2026 as the date from which regulated entities must file all disclosures through its electronic disclosure system. CMA Circular No. 11 of 2026, published via Boursa Kuwait, is addressed to all listed companies, licensed persons, collective investment schemes and investment funds under liquidation, auditors registered with the CMA, and market participants, and concerns the mechanism for submitting disclosures effective from 1 July 2026.

The circular closes the transitional period for the legacy Boursa Kuwait disclosure route (the CIP-based channel), whose extended operating window ran to 1 July 2026. From that date, financial and non-financial disclosures are submitted through the CMA's XBRL-based “iFSAH” system, which has been the mandatory platform since 5 January 2025 and routes filings through dedicated gateways for financial statements, capital adequacy, general assemblies, and market disclosures.

The change is procedural in form but market-wide in reach: every issuer, licensed firm, fund and registered auditor files through the same tagged-data platform. The disclosure obligations themselves continue to flow from the Capital Markets Law No. 7 of 2010 and its Executive Regulations; the circular fixes how, not whether, those disclosures reach the regulator.

WEFAQ's view: entities still filing through the legacy channel should confirm iFSAH registration, user permissions and XBRL-tagging readiness now, because a first post-cutover filing that misses a periodic deadline carries the same consequences as any late disclosure.

Source: CMA Circular No. 11 of 2026 (Boursa Kuwait, CMA Decisions & Circulars); CMA iFSAH electronic disclosure framework. Governing law: Capital Markets Law No. 7 of 2010 and its Executive Regulations.