Qatar Financial Centre Issues Proposed Rules for Collective Investing

The Qatar Financial Centre (QFC) Regulatory Authority on Monday issued proposed rules governing collective investment / asset management schemes.  According to 1.3 of Consultation Paper 2010/05,  the proposed rules cover the  following:

  • allowing certain authorized firms to operate non-QFC schemes;
  • establishing a regime for QFC retail entities;
  • allowing certain non-QFC schemes to be marketed to the retail sector;
  • allowing the independent entity of a QFC scheme to also perform certain administrative functions for that scheme; and
  • proposals to develop specialist scheme arrangement.

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