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QFMA Issues Regulations To
Boost Capital Market
December 05, 2017
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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