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IRU Circular 10/2026Insurance Regulatory Unit

IRU Circular 10/2026: Close Customer UBO Notification Gaps

How Kuwait insurance firms can check customer UBO accuracy, address discrepancies with commercial-register data and prepare the required MOCI notification.

تعميم رقم (10) لسنة 2026 بشأن الالتزام بالإخطارات المتعلقة بالمستفيد الفعليOfficial Arabic title

Issued
18.05.2026
Published
19.05.2026
Guide reviewed
11.10.2026
Instrument
IRU Circular 10/2026

Action at a glance

What this instrument asks you to do

Check the accuracy of your customers' beneficial ownership data. Where information is inaccurate and differs from MOCI commercial-register data, prepare the notification through the commercial-register portal with supporting documents. Retain the comparison, reviewer decision and submission evidence. This customer-notification obligation differs from updating your insurance company's own UBO information.

Source-backed

Stated legal requirements

Requirements below are attributed to the instrument or cited guidance; each item includes its source location.

  1. 01

    Take necessary measures to ensure the accuracy of beneficial ownership information for company customers.

    Citation · Circular p. 1, numbered item 1.

  2. 02

    Notify MOCI of inaccurate beneficial-owner data differing from commercial-register data, via ereg.moci.gov.kw, completing the notification form and attaching all supporting documents.

    Citation · Circular p. 1, numbered item 2.

Dates and applicability

Timing, grace period and deadline

Timing

Document issued 18 May 2026; website publication 19 May 2026. The circular does not state an explicit commencement clause or a separate calendar filing deadline.

Grace period

No separate grace period is stated in the reviewed circular. This is not a claim that no subsequent extension or amendment exists.

Expit suggested practices

Build a reviewable closure record

These suggested actions are implementation practices, not additional legal requirements.

  1. 01

    Reconcile customer UBO information against ownership documents and commercial-register data.

    Suggested owner
    Customer due diligence reviewer
    Evidence to retain
    Dated registry record, customer declaration and discrepancy analysis.
    Complete when
    Accuracy checks are recorded and supported discrepancies are identified or escalated.
    Expit support context
    Explore IAP document extraction, review-package preparation and traceable case records. Human approval, legal interpretation and official submissions remain with your institution; integrations require separate technical scoping.
  2. 02

    Prepare and approve the notification form and supporting documents for discrepancies requiring notification.

    Suggested owner
    Compliance officer and authorised MOCI portal user
    Evidence to retain
    Approved decision, completed form and supporting attachments.
    Complete when
    The reporting decision and evidence package have an accountable reviewer.
    Expit support context
    Document workflows can support consistency checks; the institution determines the reporting obligation.
  3. 03

    Perform the official notification and retain follow-up evidence.

    Suggested owner
    Authorised portal user
    Evidence to retain
    Submission acknowledgement, follow-up log and customer-record corrections.
    Complete when
    Notification is evidenced and unresolved matters are tracked; closure is not inferred from an internal edit.
    Expit support context
    Explore case evidence retention; no automatic MOCI submission is assumed.

Further clarification

Frequently asked questions

How do insurers comply with IRU Circular 10/2026?

Check customer beneficial-owner information for accuracy and notify MOCI of the described discrepancies using the commercial-register portal, with supporting documents. Preserve review and submission evidence.

Is IRU Circular 10/2026 the same as IRU Circular 15/2026?

No. Circular 10 addresses customer information accuracy and notifications. Circular 15 addresses updating disclosed UBO information and supplying specified company documents to IRU.

Primary references

Official sources

  1. IRU Circular 10/2026 — official Arabic document (opens in a new tab)

    Page 1: addressees, items 1–2, legal warning and issue date.

    SOURCE 01
  2. IRU official publications index (opens in a new tab)

    Website publication date; not a substitute for the document's issue date or clauses.

    SOURCE 02

Read with care

Enforcement and limitations

Enforcement stated in source

The closing paragraph warns of legal accountability under Insurance Law 125/2019, its Executive Bylaws and relevant IRU instruments and laws. No specific fine amount is stated here. The warning also expressly references AML Law 106/2013.

Limitations of this guide

Do not confuse a discrepancy report about a customer with your company's own beneficial-owner registration. Confirm current portal access and notification instructions. A filed report is not evidence that MOCI has accepted or resolved the underlying discrepancy.