DOHA, 28 September 2009

The Qatar Financial Centre Regulatory Authority (QFCRA) has published its policy on the imposition of financial penalties and public censures, following the public consultation on the policy in June and July 2009.

The policy incorporates the FSR (Financial penalties−late returns or reports) Policy 2009 issued on 6 March 2009.

This policy applies to authorised firms and other persons including approved individuals who are subject to the Regulatory Authority’s jurisdiction.

The policy, known as the Financial Services (Financial Services and Public Censures) Policy 2009, commenced on 27 September 2009 and can be found on the QFCRA website at:

http://www.complinet.com/net_file_store/new_rulebooks/q/f/QFCRA_PS_Penalties_decisions_policy_2009_No2.pdf