Qatar Financial Markets Authority (QFMA) was established by virtue of Law No. 33 of 2005, amended by the Amiri Decree of Law No. 14 of 2007 and Law No. 10 of 2009 as an independent supervisory and regulatory authority of financial markets in the State of Qatar. The QFMA has the powers necessary to regulate, control and supervise the financial markets. Law No. 8 of 2012 regarding Qatar Financial Markets Authority, as amended by Decree-Law No. 22 of 2018, confirms the QFMA’s independence and having all the powers required for conducting its regulatory, supervisory and control functions more effectively in compliance with the provisions of Law No. 33 of 2005, as amended.
The Board of Directors issued Decision No. 1 of 2008 in the issuance of the QFMA Regulation that governs its work and aims to achieve its regulatory objectives in compliance with the best international standards as to ensure developing the financial markets in the state of Qatar to become leading financial markets. It also enhances understanding of the financial markets’ objectives among participants dealing in such markets and other interested persons. The Regulation sets forth the rules and standards regulating the management of the listed shareholding companies in order to ensure their compliance with the best-adopted practices to achieve the financial markets’ objectives. It also addressed several issues including the regulated activities, licensing companies to carry out such activities, control over licensed companies, investigation and inspection as well as other issues of interest to companies.
