Doha, 18 January 2010
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The Qatar Financial Centre (QFC) Authority has been awarded ISO 27001 standard for its Information Technology Security Techniques and Information Security Management. The QFC Authority is the first Qatari governmental body to be so recognized.
The certification covers the scope of IT operations in the two QFC towers in West Bay, as well as the QFC Authority’s distaster recovery site.
The International Organisation for Standardisation is part of the specialized and widely utilized system for worldwide standardization and adoption of best practice.
The achievement of this standard demonstrates the QFC Authority’s commitment to protect the confidentiality, integrity and availability of data under QFCA’s control. This includes operational and staff information, information held by the QFC Regulatory Authority, as well as information on QFC licensed firms. In addition, a number of QFC licensed firms lease space in the QFC Authority’s data centre to support their operations.
Padraic Berry, Chief Information Officer of QFC Authority, said “The process of meeting an ISO standard is a rigorous one and this is particularly the case in respect of ISO 27001, which took us over 18 months to work through. Both for our own data and that of QFC licensed firms we have a responsibility to our clients to ensure that our standards meet the very best in the world and we are proud to be the first public body in Qatar to do so.”
For further details please contact Steve Martin, tel 496 7755 s.martin@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 operates 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. The Regulatory Authority is currently receiving applications and granting authorisations.
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