Qatar Financial Markets Authority (QFMA) announced on Monday 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 the attractiveness of investment environment of the capital market, as well as to increase the diversity of the financial products listed on the QSE.
QFMA said in a statement it will continue to strengthen its regulations to meet investors’ needs by adopting 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 strengthening the elements that attract local and international funds for listing on the QSE.
QFMA added the revision and updating of the Listing Rules and Governance Code would provide a clear framework for local and international fund management companies to be listed on the QSE and encourage the development of asset management in Qatar.
QFMA targets the advancement of Qatari capital markets to serve as a model for financial services. It aims at investor protection, maintenance of Qatari capital markets’ stability, integrity and transparency and development of proficiency and knowledge to enhance the growth and diversity of the national economy.