The QFC operates to international standards and provides a first class legal and business infrastructure for those doing business in or from the QFC. The QFC's commercial and regulatory environment and systems conform to international best practices and are separate from and independent of the host Qatari systems. The standards required and the legal environment will be familiar to businesses currently operating in major financial centres around the world.
The QFC Law (Law No. 7 of 2005) was signed by the Emir of the State of Qatar on 9 March 2005 and became effective on 1 May 2005. The QFC Law (as amended by Law No. 2 of 2009) provides for the basic structure of the QFC and establishes the QFC Authority, the QFC Regulatory Authority, the Civil and Commercial Court of the QFC and the QFC Regulatory Tribunal.
QFC Regulations establish the legal framework including legal and business infrastructure for those doing business in the QFC. The QFC Financial Services Regulations (FSR), enacted under the QFC Law, are the primary Regulations which define the management, objectives, duties, functions, powers and constitution of the QFC Regulatory Authority. The QFC Authority Regulations enacted under the QFC Law are the primary Regulations which define the role and function of the QFC Authority. The Regulations for the Civil and Commercial Court of the QFC and the QFC Regulatory Tribunal will be issued in due course.
QFCA Rules contain rules made and guidance issued by the QFC Authority. These rules expand on the provisions of other regulations administered by the QFC Authority.
The QFCRA Rules contain the Rules made and the guidance issued by the QFC Regulatory Authority with respect to the operations of financial institutions.
A fee may be charged for particular items.