DOHA, 16 December 2008
In the drive towards operational excellence, the Qatar Financial Centre (QFC) Authority has recently been awarded the International Standards Organization (ISO) 9001 certification by the British Standards Institute (BSI).
After more than six months of assessment and review, BSI found the QFC Authority's quality management system to be in full compliance with international standards, and the award recognizes its commitment to meeting the business needs of its growing client base. The certification confirms that QFC Authority clients will receive high quality services in a timely and efficient manner, with processes and procedures that continue to be improved.
The recognition also highlights an important stage in the QFC Authority’s gradual transition (in tandem with other Qatar governmental organizations) to more automated, secure and paperless operations, underpinning its mission to be the financial centre of choice in the region.
Jeff Eggleton, Director of Operations at the QFC Authority, said "ISO 9001 certification is a crucial milestone for us. We are working with many of the world’s leading financial and professional institutions and we need to be able to demonstrate to them that the QFC Authority is also world class in everything we do. The Operations team has worked tirelessly for this qualification and I am proud of them and of the QFC Authority for what we have achieved."
ISO 9001 is by far the world’s most established quality framework setting the standard for quality management systems currently being employed by almost 900,000 organizations across 170 countries worldwide.
Furthermore, QFC Authority is well advanced in its preparation for another international certification – the ISO 27001 – which will standardize its information security management systems according to international best practices.
Media Contact:
Steve Martin
Director of Marketing and Corporate Communications
Tel +974 4967755 Mob +974 583 1937 e-mail s.martin@qfc.com.qa
Layla Salem
Senior Media Executive
Tel:+974 4967793 Mob +974 5830054 email l.salem@qfc.com.qa
Notes to Editors:
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 designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC will operate to international standards and provide a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005.
QFC Authority
The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar.
QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorize, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centers.
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