The Qatar Financial Markets Authority announced the launch of the single window electronic portal, which aims to facilitate the procedures for offering and listing securities, and provide many advantages to companies linked to the financial market.
The authority explained in a press statement today that submitting transactions through the single window will be available as of Tuesday, September 19, 2023, through a special electronic portal that was created on the website of the Qatar Financial Markets Authority.
It will represent the single window for which His Excellency Dr. Tami bin Ahmed Al-Binali, CEO of the Qatar Financial Markets Authority, had announced the formation of a special committee early last July. It will represent a qualitative shift that will achieve the maximum degree of facilitation and facilitation for companies whose activities are related to the financial markets in The state will have major implications in significantly simplifying procedures for these companies by limiting their dealings with only one entity instead of dealing with other competent authorities separately, which include the Qatar Financial Markets Authority, the Ministry of Commerce and Industry, the Qatar Stock Exchange, and the Edaa Company.
The single window also provides many other advantages for these companies, related to facilitating and facilitating procedures related to offering securities publicly, or listing on the Qatar Stock Exchange, or in the event of any acquisitions or mergers.
The “One Window for the Capital Market” is a qualitative initiative of the Qatar Financial Markets Authority, through which a new mechanism is developed to enhance cooperation and coordination between all relevant official authorities that deal with issuing companies wishing to list, or offer securities publicly in any of the markets subject to supervision. The Authority, because of its significant impact in preventing duplication of documents and data required from each of the concerned parties, and providing a unified list of documents and data required from companies in each case of their dealings in the Qatari financial markets.
The launch of the “One Window for the Capital Market” comes in light of the continuous development and modernization of the capital market regulations and legislation in the country, and in keeping with the global changes witnessed by this vital sector, and its needs at the local level, in addition to strengthening the ongoing efforts of the Qatar Financial Markets Authority in improving work mechanisms. In the market to achieve its aspirations aimed at improving the financial services provided to investors and securities issuers wishing to be listed.
The Qatar Financial Markets Authority is doing everything in its power to improve the Qatari capital market and develop its financial services, protect the investments of those dealing in it, work to remove all obstacles that they may face, and maximize the returns from their transactions in the country’s capital market, so that it is an attractive competitive market. For national and foreign investments.
The Qatar Financial Markets Authority had announced the formation of a special committee for the Single Window, whose mission is to receive, study and review applications for offering and listing securities and accepting them for trading on the Qatar Stock Exchange, and applications for registration with the depository by various means, and to ensure that they complete all the requirements contained in the relevant legislation, in particular With regard to offering prospectuses and financial evaluation reports, as well as studying and reviewing acquisition and merger requests in which one of the parties is a company listed on the financial markets, and requests for voluntary delisting from the markets.
The Capital Market Single Window Committee consists of (11) members, including the Chairman of the Committee and his deputy, including 5 members representing the Qatar Financial Markets Authority, including the Chairman, 4 members representing the Qatar Stock Exchange, one of whom is the Vice-Chairman, a member representing the Ministry of Trade and Industry, and a member representing the Edaa Company.
The members of the committee represent the concerned parties that companies deal with, whether when listing or offering securities publicly, or when entering into acquisitions or mergers in the Qatari financial markets.
The committee will undertake the coordination process with the relevant authorities to obtain the necessary approvals for any transaction in accordance with the relevant legal legislation, and it may request the Qatar Financial Markets Authority to sign memorandums of understanding with those authorities, if necessary, to define the frameworks of the relationship, clarify responsibilities, facilitate the exchange of information and documents, and obtain approvals. necessary to accomplish its tasks.