Roles and responsibilties

The QFC Regulatory Authority is governed by a Board comprising of up to six members. Board members, in addition to the Chairman and Chief Executive Officer are described in the QFC Regulatory Authority website (QFCRA board members). The Board members are appointed by the Qatar Council of Ministers and must be persons who have appropriate expertise in the regulation of banking, financial or insurance business. Details of Board members will be posted here following their appointment. The Chairman and Chief Executive Officer of the Qatar Financial Centre Regulatory Authority, Philip Thorpe, was appointed on 10 March 2005.

Objectives

The QFC Regulatory Authority's objectives include the promotion and maintenance of efficiency, transparency, integrity and confidence in the QFC, as well as the maintenance of financial stability and reduction of systemic risk. It also strives to prevent financial crime and conduct which may cause reputational damage to the QFC, and to provide appropriate protection to firms carrying on business, together with their clients and customers.

Full list of objectives (Will open QFCRA website) >