Qatar Economic Outlook Issue Number 13

Appendix: Economic and Financial Terms 
 
127 
financial markets, thereby protecting the 
owners and dealers of securities in a manner 
that guarantees stability for financial markets 
and reduces the risks that they may be 
exposed to. In order to achieve this in 
particular, the QFMA is tasked with the 
following: 
•
Regulating, supervising, and controlling 
financial markets. 
•
Organizing dealing in securities activities 
in a manner that is fair, competitive, and 
transparent. 
•
Making the public aware of the securities 
activities, encouraging investment in 
them, and further developing them. 
•
Monitoring the rules of dealing between 
dealers in securities trading and other 
activities. 
•
Implementing the disclosure policy in a 
manner that achieves justice and 
transparency, and which prevents 
conflicts of interests and the exploitation 
of internal information. 
•
Fighting the causes and instigators of 
crimes related to financial markets. 
•
Supporting linkages to and exchanging 
information with external financial 
markets as well as regional and 
international bodies, institutions, and 
organizations, to benefit from the 
methods of dealing in them, in a way that 
helps in developing financial markets 
within the country. 
•
Carrying out studies, as well as collecting 
information and compiling statistics on 
financial market activities, and thereafter 
publishing their reports.
The Qatar Financial Center 
The Qatari government established the Qatar 
Financial Center (QFC) in 2005 to attract 
international companies specialized in 
banking, insurance, and other financial 
services, with the aim of developing the 
financial services sector in Qatar and the 
region. The QFC provides an opportunity for 
local and international companies to 
establish a wide range of banking, asset 
management, and insurance businesses 
under a legal and regulatory system based 
on global best practices. The QFC 
Regulatory Authority (QFCRA) is the 
independent regulatory body for the QFC and 
was established with the aim of authorizing 
individuals and companies that perform 
financial services at or through the QFC, and 
concomitantly regulating and monitoring 
these companies and individuals. It also has 
a supervisory system based on principles 
that are compatible with the common law 
generally adopted, and in its work combines 
transparency, proactivity, and accountability. 
The QFCRA’s objectives also include 
enhancing and maintaining the effectiveness, 
transparency, integrity and trust in the QFC 
itself, as well as maintaining financial stability 
and mitigating systemic risks. The QFCRA 
also works to build awareness and financial 
protection among clients and investors. 

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