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Licensing Requirements

QFMA / English / Licensing / Licensing Requirements

​​​​​​​Third: Capital and Fees (Qatari Riyal):

The following table shows the minimum paid-up capital required for each financial service activity and the applicable fees for granting a license(s) and license renewal.
Activity
 Capital (QR)
 License Fees License Renewal Fees (3 years) Bank Guarantee
​Executing Broker​
3,000,000
​–
–
1,000,000 to the Authority
Clearing Broker10,000,000–​​​
–
5,000,000 to the Depository
Full-Service Broker20,000,000–
–10,000,000 to the Depository
Other financial services companies:–
–––
Execution of securities purchase or sale's orders for others3,000,000100,00030,000–
Securities' trading for own account5,000,000
50,00015,000–
Custody services (cash or securities)20,000,00050,00015,000–
Advice on securities1,000,000100,00030,000–
Securities' investment management5,000,000100,00030,000–
Investment trusteeship2,000,00050,00015,000–
Underwriting issuance of securities.5,000,00050,00015,000–
Securities' issuance management2,000,000100,00030,000–
Liquidity provider10,000,000–––
Securities' lending and borrowing2,000,000–––
Margin trading10,000,000–––
Market Maker20,000,000–––
Marketing and promotion100,000–––
Listing advisor100,000–––
Broker Agent100,000–––
​​​

Notes

  1. ​​​The total minimum capital for clearing broker shall be 15 QR million and for full-service broker shall be 30 QR million if either of them apply to perform any of the optional financial services activities available for each of them. This has resulted in an increase in the total minimum activities beyond the above limit.<
  2. For other financial services companies licensed to perform all financial services activities (excluding margin trading, securities’ lending and borrowing, execution of securities purchase and sale’s orders for others, securities’ trading for own account, market maker and liquidity provider), the minimum paid up capital shall be QR 25 million in case apply for performing all these activities.
  3. The activities of margin trading, securities’ lending, execution of securities purchase and sale’s orders for others, securities’ trading for own account, market maker and liquidity provider shall be restricted to categories of financial broker according to the classification set out in Article (5) of Financial Services Rulebook.
  4. The Licensing standards Guidelines details the specific requirements for each activity in order to obtain a license.

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