THE QFMA’S BOARD Approves NEW RULES AND REGULATIONS
The Board of Directors of the Qatar Financial Markets Authority “QFMA” approved an important rules and regulations. This comes as a part of the QFMA’s initiatives for the capital market and its ongoing efforts to regulate and activate the capital market, protect its stability and its participants, and persify its investment tools and mechanisms supporting Qatar Stock Exchange “QSE”.
THE MOST IMPORTANT OF SUCH RULES AND REGULATIONS APPROVED BY THE BOARD ARE:
1. Rules regulating the market maker activity, which is a new addition to the financial services activities. Such rules aim at activating trading and increasing liquidity in the market, as well as maintaining its stability and balance when the financial services companies, specialized in this activity licensed and regulated by the QFMA, provide continuous offer prices for buying and selling the securities traded in the market.
2. Operating procedures for ETFs “Exchange Traded Funds”, including short selling transactions covering such fund’s units or index components. This is an addition of a new financial product to the Qatari market alongside shares, governmental treasury bills and bonds, which contributes in the persity of securities available for investors.
3. Procedures for protecting minority and small investors as a result of the transformation of public shareholding companies to another type of companies as set forth in the Companies Law No. 11 of 2015. Through which such procedures, the QFMA aims to provide adequate protection as per the international best practices for all shareholders when public shareholding company listed on the QSE transforming to any other type of companies.
4. Rules for employees’ incentive shares in public shareholding companies listed on the QSE, which allow the listed companies organizing incentive schemes for their employees while preserving the shareholders' rights of the company by granting them the right to approve such schemes and supervise their implementation through periodic reports presented annually to shareholders.