QFMA Issues the New Listing Rules & Governance Code for Funds
The Qatar Financial Markets Authority (QFMA) announced today the issuance of Governance Code for Listed Funds and Listing Rules for Funds' Units listed in the Qatar Stock Exchange (QSE).
This issuance comes as a part of the QFMA's ongoing development of its regulations to enhance attractiveness of investment environment of the capital market, as well as to increase persity of the financial products listed in QSE.
QFMA announced, "It will continue to strengthen its regulations to meet the investors' needs with adopting the best international practices related to investment funds and relevant governance. This is a significant step for QFMA while exerting efforts to develop the Qatari capital market, and strengthen the elements that attract local and international funds for listing in QSE.
QFMA added, "The revision and update of Listing Rules & Governance Code would provide a clear framework for local and international fund management companies to be listed in QSE and encourage the development of asset management in the State of Qatar."