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QFMA issues regulations to boost capital market.

Tribune News network Doha The Qatar Financial Markets Authority (QFMA) has approved key regulations and rules to regulate and boost capital market sector, a press statement said on Monday. The regulations approved under the Chairmanship of HE Sheikh Abdullah bin Saud al Thani, Governor of Qatar Central Bank and Chairman of the Board of Directors of QFMA, will help stabilise the capital market sector by protecting traders and customers, and diversify investment mechanisms at Qatar Exchange, QFMA said. The new regulations will govern the activity of the market makers, constituting a new addition to the financial services activities. It also aims to activate trading and increase liquidity in the market, while maintaining stability through specialised financial services companies licenced by QFMA, and under its supervision by submitting continuous quotations for the purchase or sale of securities traded in the market. The operational procedures of ETFs (exchange traded funds) have also been approved, the statement said. In addition, the Board of Directors of QFMA has also approved regulations for protecting small investors as stipulated in the Companies Law No 11 of 2015. QFMA said it would provide adequate protection to all shareholders in accordance with the best international practices. The regulations on employee incentive shares in public shareholding companies listed on the Qatar Exchange have also been approved. QFMA CEO, Nasser Ahmed al Shaibi, said the latest decisions of the Board of Directors are an extension of the efforts to support QFMA to boost Qatar's capital market sector, which has witnessed remarkable activity this year. Shaibi added that Qatar's capital market has a strong legislative base according to the nature of the market and its needs.

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Publication:Qatar Tribune (Doha, Qatar)
Geographic Code:7QATA
Date:Dec 5, 2017
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