Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the government of Qatar and located in Doha. It has been established to attract International Financial Services institutions and major multinational corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region.
The QFC operates to international standards and provides a first class legal and business infrastructure for those doing business within the QFC. The QFC was created by QFC Law No. (7) of Qatar and has been open for business since May 2005.
Further details can be found at www.qfc.qa.
QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by the QFC Law. It regulates firms that conduct financial services in or from the QFC.
It has broad range of regulatory powers to authorise, supervise and when necessary discipline firms and individuals.
The QFC Regulatory Authority regulates firms using principle-based legislation of International standard, modelled closely on the laws used in major financial centres.
Further details can be found on www.qfcra.com.