• Part 1 Part 1 Application, Commencement and Interpretation

    • Article 1 - Citation

      These Regulations are the QFC Investment Clubs Regulations 2016.

      Derived (as from 20th December 2016).

    • Article 2 - Application

      These Regulations are made by the Minister pursuant to Article 9 of the QFC Law and shall apply in the QFC. To the fullest extent permitted by the QFC Law, the laws, rules and regulations of the State concerning companies and branches or offices of foreign companies and investments therein, including without limitation the Qatar Commercial Companies Law No. (11) of 2015 (together with any amendments or replacements thereto) and the Foreign Investment Law No. (13) of 2000 (together with any amendments or replacements thereto), shall not apply in the QFC.

      Derived (as from 20th December 2016).

    • Article 3 - Commencement

      These Regulations shall come into force on the date on which the Minister signs them.

      Derived (as from 20th December 2016).

    • Article 4 - Language

      In accordance with Article 9 of the QFC Law, these Regulations are written in English and the English text is authoritative. Any translation into another language is not authoritative.

      Derived (as from 20th December 2016).

    • Article 5 - Interpretation

      Words and expressions used in these Regulations and interpretative provisions applying to these Regulations are set out in Part 10.

      Derived (as from 20th December 2016).

    • Article 6 - Power of QFC Authority and QFC Regulatory Authority to make rules

      The QFC Authority and the Regulatory Authority, each within the scope of their jurisdiction, authority or powers conferred upon them may make rules to the extent set out in the QFC Law, these Regulations and any other Regulations conferring powers, duties and functions on the QFC Authority and Regulatory Authority as they deem necessary or appropriate to implement, carry out or enforce these Regulations.

      Derived (as from 20th December 2016).

    • Article 7 - Qatari Nationality

      Without prejudice to the QFC Tax Regulations or any other provisions applicable to an Investment Club, any Investment Club that is incorporated in the QFC shall have Qatari nationality provided however that such nationality shall not by itself entitle the Investment Club to receive benefits of any kind which are reserved exclusively for Qatari nationals, unless the Investment Club is wholly owned by Qatari nationals.

      Derived (as from 20th December 2016).