Brief Background on QFMA Establishment
Strategic vision driving QFMA Establishment:
- Develop an appropriate regulatory environment to support the tremendous
growth of the Qatari Capital Markets;
- Provide a safe investment environment for investors and a sound business
environment for securities professionals.
Key strategy objectives:
- Develop an adequate market structure and regulation to ensure fostering
investor confidence in the Qatari Capital Markets
- Create & strengthen the market institutions
- Strengthen the capital Market Integrity through conducting proper
market surveillance and adequate supervision framework
- Meet international standards for laws, regulations and operations
- Streamline market processes and reduce systemic risks
- Improve investor awareness and protection
Brief historic on QFMA Establishment:
- Law (33) - 2005 for the establishment of QFMA and incorporation of
the Doha Securities Markets
- Set-up of an oversight committee to manage the establishment of QFMA
- Consulting Consortium to :
- Develop relevant rules & regulations inline with international
best practices & IOSCO Standards
- Develop relevant implementation plans for the capital Markets development
strategy
- Develop HR & Organization strategy for QFMA
- Develop relevant operational manuals
- Ensure proper quality assurance & IOSCO compliance review.
- Amended Law (33) – August 2007
- QFMA started officially its activity 1st September 2007
