Waivers and Modifications
QFCRA
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W01/05 – Ansbacher & Co Limited
NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address Two London Bridge, London, SE1 9RA QFC No. 00001 Notice No. W 01/05 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 30th September 2005 and expires on 29th September 2006.
RULES WAIVED
The Rules waived are set out in the table below and the table in PIIB chapter 1.6 is to be construed accordingly:
Rulebook Version Rule PIIB PIIB-CP6-21-Aug05 PIIB 1.2.1 PIIB PIIB-CP6-21-Aug05 PIIB 1.3.8 PIIB PIIB-CP6-21-Aug05 PIIB 2.1.1 to PIIB 2.10.4 (inclusive). CONDITIONS
The waivers in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) on a six monthly basis, the above mentioned Person submits to the QFC Regulatory Authority relevant extracts from their latest Financial Services Authority (FSA) quarterly reporting statement, within 1 month of it being submitted to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer29th September 2005
W02/05 – Arab Jordan Investment Bank (Qatar) LLC
NOTICE OF RULE WAIVER
Firm Arab Jordan Investment Bank (Qatar) LLC Address P.O. Box 8797, Amman 11121, Jordan QFC No. 00003 Notice No. W 02/05 Name of Individual Hani Abdulkadir Al-Qadi AI Number AI00011 Controlled Function(s)
Applied For:Senior Executive Function
Executive Governance FunctionsTHE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned firm in respect of the individual identified.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5th December 2005 and expires on 5th December 2006.
RULES WAIVED
The Rule waived from the Individual's Rulebook (INDI) in respect of the above detailed individual, AI00011, is as follows:
INDI 2.2.1 The Senior Executive Function must be carried out by an individual who in
the case of a Local Firm is ordinarily resident in the State.CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that:
(a) Fuad Suliman Diab, AI Number AI00012, remains appointed jointly responsible locally and remains ordinarily resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAF). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Office5th December 2005
W03/05 – Ansbacher & Co Limited
NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address PO Box 23589, Doha, Qatar QFC No. 00001 Notice No. W 03/05 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Firm.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 29th December 2005 and expires on 29th March 2006.
RULES WAIVED
The Rule waived from the Individuals Rulebook (INDI-VER1-Oct05) in respect of the Approved Individual William Richard Simms (A1 Number: AI00006) is as follows:
INDI 2.2.2 The Money Laundering Reporting Function must be carried out by an individual ordinarily resident in the State.CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that:
(A) on a monthly basis, Ansbacher & Co Ltd submits to the QFC Regulatory Authority a report outlining, in relation to the QFC branch, the status of the implementation of the Authorised Firm's Anti Money Laundering procedures, steps taken towards recruitment of a resident MLRO and any issues in relation to money laundering.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer29th December 2005
W0001/06 – Credit Suisse Financial Services (Qatar) LLC
NOTICE OF RULE WAIVER
Firm Credit Suisse Financial Services (Qatar) LLC Address Level 12, Ministry of Economy & Commerce Building, Doha, Qatar QFC No. 00005 Notice No. W0001/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1st March 2006 and expires on 1st September 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI) is waived in respect of the Approved Individual below.
Name of Individual: Mohammed Saleh Abdel-Ghani Hijazi AI Number: AI00022 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that:
(A) on a monthly basis, the above mentioned Person submits to the QFC Regulatory Authority a report outlining progress made towards a permanent appointment for the Money Laundering Reporting Function.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer1st March 2006
W0002/06 – United Gulf Financial Services Company LLC
NOTICE OF RULE WAIVER
Firm United Gulf Financial Services Company LLC Address Office 1105, 11th Floor, MEC Building, Diplomatic Area QFC No. 00007 Notice No. W 0002/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21st March 2006 and expires on 20th September 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This Notice is given on the condition that:
(A) on a monthly basis, United Gulf Financial Services Company LLC submits to the QFC Regulatory Authority a report outling progress made towards appointment of an individual ordinarily resident in Qatar to carry out the Money Laundering Reporting Function; and(B) during the term of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Ghulam Ahmed Mohatarem and that he remains ordinarily resident in Bahrain.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21st March 2006
W0003/06 – Ansbacher & Co Limited
NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address PO Box 23589, Doha, Qatar QFC No. 00001 Notice No. W 0003/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Firm.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28th March 2006 and expires on 27th June 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This Notice is given on the condition that:
(A) on a monthly basis, Ansbacher & Co Limited submits to the QFC Regulatory Authority a report outlining progress made towards appointment of an individual ordinarily resident in Qatar to carry out the Money Laundering Reporting Function; and(B) during the term of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr William Richard Simms and that he remains ordinarily resident in the United Kingdom.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Uidess the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28th March 2006
W0004/06 – AXA Investment Managers LLC
NOTICE OF RULE WAIVER
Firm AXA Investment Managers LLC Address Office 1504, 15th Floor, MEC Building QFC No. 00008 Notice No. W0004/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 23rd April 2006 and expires on 22nd October 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This Notice is given on the condition that:
(A) during the term of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Robin Clark and that he remains ordinarily resident in the United Kingdom.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer23rd April 2006
W0005/06 – Kuwait Financial Centre S.A.K
NOTICE OF RULE WAIVER
Firm Kuwait Financial Centre S.A.K Address Office 1502, 15th Floor, MEC Building, Doha, Qatar QFC No. 00009 Notice No. W0005/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1st May 2006 and expires on 31st October 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
(A) during the term of this notice the above mentioned Person submits to the QFC Regulatory Authority on a monthly basis a report outlining progress made towards a permanent appointment for the Money Laundering Reporting Function; and(B) during the term of this notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Ajesh Chada and that he remains ordinarily resident in the State of Kuwait.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer1st May 2006
W0007/06 – Standard Chartered Bank
NOTICE OF RULE WAIVER
Firm Standard Chartered Bank Address Standard Chartered Bank Building, Khalid Bin Jasim St.,
P.O. Box 29, Doha. QatarQFC No. 00011 Notice No. W0007/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 22nd June 2006 and remains in effect until 30th June 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential – Investment, Insurance Mediation & Banking Business Rulebook (PIIB) .
CONDITIONS
This notice is given on the condition that:
(A) Standard Chartered Bank ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Standard Chartered Bank submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) Section D (Capital Adequacy Summary); and(i) for quarters one and three the report must be submitted to the QFC Regulatory Authority within 10 working days of the due date to the FSA; and(ii) for quarters two and four, the report must be submitted within 10 working days of the announcement of Standard Chartered Bank Group's half-yearly and full year results respectively.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer22nd June 2006
W0008/06 – Global Investment House (Qatar) LLC
NOTICE OF RULE WAIVER
Firm Global Investment House (Qatar) LLC Address Office 1501, 15th Floor, MEC Building, Doha, Qatar QFC No. 00011 Notice No. W0008/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28th June 2006 and expires on 31st December 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)CONDITIONS
This notice is given on the condition that:
(A) during the term of this notice the above mentioned Person submits to the QFC Regulatory Authority on a monthly basis a report outlining progress made towards a permanent appointment for the Money Laundering Reporting Function; and(B) during the term of this notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Aravindhakshan Konjadath Valappil and that he remains ordinarily resident in the State of Kuwait.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28th June 2006
W0009/06 – Ansbacher & Co Limited
NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address PO Box 23589, Doha, Qatar QFC No. 00001 Notice No. W0009/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28th June 2006 and expires on 31st December 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
(A) on a monthly basis, Ansbacher & Co Limited submits to the QFC Regulatory Authority a report outlining progress made towards appointment of an individual ordinarily resident in Qatar to carry out the Money Laundering Reporting Function; and(B) during the term of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr William Richard Simms and that he remains ordinarily resident in the United Kingdom.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28th June 2006
W0010/06 W0010/06 – QREIC Sukuk LLC
NOTICE OF MODIFICATION AND WAIVER
Firm QREIC Sukuk LLC Address C/O Ansbacher & Co Limited, 11th Floor, MEC Building, Doha, Qatar QFC No. 00012 Notice No. W0010/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
This notice is issued by the QFC Regulatory Authority (i) in respect of the Rulebooks, under Article 16 of the QFC Financial Services Regulations 2005; and (ii) in respect of the Anti Money Laundering Regulations, under Article 5 of those regulations.
Effective Date: This notice comes into effect on 10th July 2006 and remains in effect until revoked or withdrawn.
RULES MODIFIED
Interpretation and Application Rulebook (INAP)
The Interpretation and Application Rulebook (INAP), as published and amended from time to time, is modified by deleting Chapters 1 and 2 thereof and replacing them with the provisions of Chapter 1 of the Appendix to this notice.
Principles Rulebook (PRIN)
The Principles Rulebook (PRIN), as published and amended from time to time, is modified by deleting Chapters 1 and 2 thereof and replacing them with the provisions of Section 1.2 and Chapter 2 of the Appendix to this notice.
General Rulebook (GENE)
The General Rulebook (GENE), as published and amended from time to time, is modified by deleting Chapters 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 11 and Appendices 1, 2, 3 and 4 thereof and replacing them with the provisions of Section 1.2 and Chapters 3,4,5,6,7,8,12,13 and 15 of the Appendix to this notice.
Conduct of Business Rulebook (COND)
The Conduct of Business Rulebook (COND), as published and amended from time to time, is modified by deleting Chapters 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 and 14 and Appendices 1, 2, 3, 4 and 5 thereof and replacing them with the provisions of Section 1.2 and Chapter 9 of the Appendix to this notice.
Individuals Rulebook (INDI)
The Individuals Rulebook (INDI), as published and amended from time to time, is modified by deleting Chapters 1, 2, 3, 4, 5, 6 and 7 and Appendix 1 thereof and replacing them with the provisions of Section 1.2 and Chapter 10 of the Appendix to this notice.
Islamic Rulebook (ISFI)
The Islamic Rulebook (ISFI), as published and amended from time to time, is modified by deleting Chapters 1, 2, 3, 4, 5, 6 and 7 thereof and replacing them with the provisions of Section 1.2 and Chapter 14 of the Appendix to this notice.
Anti Money Laundering Rulebook (AMLR)
The Anti Money Laundering Rulebook (AMLR), as published and amended from time to time, is modified by deleting Chapters 1, 2 and 3 (other than Sections 3.8 and 3.9 of Chapter 3) and Appendices 1 and 2 thereof and replacing them with the provisions of Sections 1.2 and 11.2 of the Appendix to this notice.
Controls Rulebook (CTRL)
The Controls Rulebook (CTRL), as published and amended from time to time, is modified by deleting Chapters 1, 2, 3, 4 and 5 thereof and replacing them with the provisions of Section 1.2 and Chapter 16 of the Appendix to this notice.
RULES WAIVED
Assets Rulebook (ASET)
The requirements of the Assets Rulebook (ASET), as published and amended from time to time, are waived in their entirety.
Interim Prudential – Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
The requirements of the Interim Prudential – Investment, Insurance Mediation & Banking Business Rulebook (PIIB), as published and amended from time to time, are waived in their entirety.
REGULATIONS MODIFIED
The Anti Money Laundering Regulations
The Anti Money Laundering Regulations, as published and amended from time to time, are modified by deleting Articles 6, 7, 8, 10, 11, 12, 13, 14, 15, 16 and 17 thereof and inserting in Part 2 thereof the provisions of Section 11.2 of the Appendix to this notice.
CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP) as modified. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer10th July 2006
Appendix to Modification Notice No. W0010/06
1 Interpretation
1.1 Defined Terms1.1.1(1) Subject to (2), in this appendix words and expressions of which the initial letters are capitalised and which appear in italics have the meanings given to them in the Glossary of the Interpretation and Application Rulebook.(2) The following words and expressions have the meaning given below:
Defined Term Meaning Authorised Firm QREIC Sukuk LLC Executive Governance Function Has the meaning given in section 10.4 of these Rules. MLRO Has the meaning given in section 10.2 of these Rules Offering Circular The offering circular in relation to the issue by QREIC Sukuk LLC of $2700,000,000 Trust Certificates (Sukuk Al-Musharaka) due 2016. Non-Executive Governance Function Has the meaning given in section 10.5 of these Rules. Senior Executive Function Has the meaning given in section 10.3 of these Rules. Transaction The transaction referred to and described in the Offering Circular issued by QREIC Sukuk LLC. Transaction Documents Has the meaning given in the Offering Circular. 1.2 Application1.2.1 These Rules apply to the Authorised Firm.2 Principles
2.1 Introduction2.1.1 The principles are a general statement of the standards expected of the Authorised Firm and apply directly to the conduct of business, operation and financial standing of the Authorised Firm.2.1.2 In establishing compliance with the principles, the Authorised Firm should have regard to all relevant factors including the nature, scale and complexity of its business.2.2 Principles of Conduct
2.2.1 Principle 1
IntegrityThe Authorised Firm must observe high standards of integrity in the conduct of its business 2.2.2 Principle 2
Skill, Care and DilligenceThe Authorised Firm must act with due skill, care and dilligence in the conduct of its business. 2.2.3 Principle 3
ManagementThe Authorised Firm must ensure that its affairs are managed effectively by its senior management. 2.2.4 Principle 4
Systems and ControlsThe Authorised Firm must have effective systems and controls including risk management systems and adequate human and technological resources. 2.2.5 Principle 5
Financial PrudenceThe Authorised Firm must maintain adequate financial resources. 2.2.6 Principle 6
Market ConductThe Authorised Firm must observe proper standards of market conduct. 2.2.7 Principle 7
Customers' InterestsThe Authorised Firm must have due regard to its Clients' interests and treat them fairly. 2.2.8 Principle 8
Communications with ClientsThe Authorised Firm must pay due regard to the information needs of its Clients and communicate information to them in a way which is clear, fair and not misleading. 2.2.9 Principle 9
Conflicts of InterestThe Authorised Firm must manage conflicts of interest fairly, both between itself and its Clients and must organise its affairs such that conflicts can be identified. 2.2.10 Principle 10
Relationship of trustThe Authorised Firm must discharge faithfully a responsibility of trust toward a Client including taking reasonable care to ensure the suitability of its advice and discretionary decisions for any Client who is entitled to rely upon its judgment. 2.2.11 Principle 11
Client AssetsThe Authorised Firm must arrange adequate protections for Clients' assets when it is responsible for them in accordance with the responsibility it has accepted. 2.2.12 Principle 12
ConfidentialityThe Authorised Firm must ensure that information of a confidential nature received in the course of dealings with its Clients is treated in an appropriate manner. 2.2.13 Principle 13
Relations with RegulatorsThe Authorised Firm must deal with all relevant regulators in an open and cooperative manner and keep the Regulatory Authority promptly informed of anything relating to the Authorised Firm of which the Regulatory Authority would reasonably expect notice. 3 Fitness and Propriety
3.1 Fitness and Propriety3.1.1 The Authorised Firm must at all times be able to demonstrate to the Regulatory Authority that it is fit and proper.3.1.2 In considering Fitness and Propriety the Regulatory Authority will consider amongst other matters:(A) the Authorised Firm's connection with its Controllers;(B) the Authorised Firm's Close Links with any other Person or connection with any other person including any Person appearing to be, or likely to be in a contractual relationship with the Authorised Firm;(C) the nature of the regulated activities concerned; and(D) whether the Authorised Firm's affairs will be or are conducted and managed in a sound and prudent manner.4 Notifications
4.1 Procedures4.1.1 Unless a provision states otherwise, the Authorised Firm must ensure that each notification it provides to the Regulatory Authority:(A) is in writing and contains the Authorised Firm's name and QFC number; and(B) is submitted on the relevant QFC Form.4.1.2 A notification must be submitted to the Regulatory Authority:(A) by electronic mail at the address provided by the Regulatory Authority; and(B) duly signed by the signatories specified in the relevant Rule and delivered by:(i) post to the current address of the Regulatory Authority;(ii) hand delivery to the current address of the Regulatory Authority; or(iii) fax to a fax number provided by the Regulatory Authority.4.1.3 Notifications must be signed by the individual performing the Senior Executive Function.4.2 Notification Trigger Events
Core Details4.2.1. The Authorised Firm must provide the Regulatory Authority with reasonable advance notice of any change in:(A) the Authorised Firm's name;(B) any business or trading name under which the Authorised Firm carries on a Regulated Activity in or from the QFC;(C) the address of the Authorised Firm's principal place of business in the QFC;(E) its legal structure; or(F) an Approved Individual's name or any material matters relating to his Fitness and Propriety.4.2.2 The Authorised Firm must provide the Regulatory Authority with prior notice of the establishment or closure of a branch office anywhere in the world from which it carries on financial services.Transaction Documents4.2.3 The Authorised Firm must notify the Regulatory Authority immediately of any:(A) material change to the Transaction Documents; or(B) material breach of its obligations under the Transaction Documents.Significant Events4.2.4 The Authorised Firm must advise the Regulatory Authority immediately it becomes aware, or has reasonable grounds to believe, that any of the following matters may have occurred or may be about to occur:(A) the Authorised Firm's failure to satisfy the Fitness and Propriety requirements;(B) any matter which could have a significant adverse effect on the Authorised Firm's reputation;(C) any matter in relation to the Authorised Firm which could result in serious adverse financial consequences to the financial system or to other firms;(D) a significant breach of a Rule by the Authorised Firm or any of its Employees;(E) a significant breach of any requirement imposed by any applicable regulation or other law by the Authorised Firm or any of its Employees;(F) any proposed restructuring, merger, acquisition, reorganisation or business expansion which could have a significant impact on the Authorised Firm's risk profile or resources;(G) any significant failure in the Authorised Firm's systems or controls, including a failure reported to the Authorised Firm by the firm's auditor;(H) any action that would result in a material change in the capital adequacy or solvency of the Authorised Firm; or(I) non-compliance with Rules due to an emergency outside the Authorised Firm's control and the steps being taken by the Authorised Firm.Fraud and Errors4.2.5 The Authorised Firm must notify the Regulatory Authority immediately if one of the following events arises in relation to its activities in or from the QFC:(A) it becomes aware that an Employee may have committed a fraud against one of its clients;(B) a serious fraud has been committed against it;(C) it has reason to believe that a Person is acting with intent to commit a serious fraud against it;(D) it identifies significant irregularities in its accounting or other records, whether or not there is evidence of fraud; or(E) it suspects that one of its Employees who is connected with the Authorised Firm's Regulated Activities may be guilty of serious misconduct concerning his honesty or integrityOther Regulators4.2.6 The Authorised Firm must advise the Regulatory Authority immediately:(A) of the granting or refusal of any application for or revocation of authorisation to carry on financial services in any jurisdiction outside the QFC;(B) of the granting, withdrawal or refusal of an application for, or revocation of, membership of the Authorised Firm of any exchange or clearing house;(C) where the Authorised Firm becomes aware that an Overseas Regulator has started an investigation into the affairs of the Authorised Firm;(D) of the appointment of inspectors, howsoever named, by an Overseas Regulator to investigate the affairs of the Authorised Firm; or(E) of the imposition of disciplinary measures or disciplinary sanctions on the Authorised Firm in relation to its financial services by any Overseas Regulator or any exchange or clearing house.Action against an Authorised Firm4.2.7 The Authorised Firm must notify the Regulatory Authority immediately if:(A) civil proceedings are brought against the Authorised Firm and the amount of the claim is significant in relation to the Authorised Firm's financial resources or its reputation; or(B) the Authorised Firm is prosecuted for, or convicted of, any offence involving fraud or dishonesty, or any penalties are imposed on it for tax evasion.Winding up, Bankruptcy and Insolvency4.2.8 The Authorised Firm must notify the Regulatory Authority immediately on:(A) the calling of a meeting to consider a resolution for winding up the Authorised Firm;(B) an application to dissolve the Authorised Firm or to strike it from the register, maintained by the CRO, or a comparable register in another jurisdiction;(C) the presentation of a petition for the winding up of the Authorised Firm;(D) the making of, or any proposals for the making of, a composition or arrangement with creditors of the Authorised Firm; or(E) the application of any person for the commencement of any insolvency proceedings, appointment of any receiver, administrator or provisional liquidator under the law of any country.5 Reports
5.1 Procedures5.1.1(1) The Authorised Firm must ensure that each report it provides to the Regulatory Authority:(A) contains the Authorised Firm's name and QFC number; and(B) subject to (2) is received by the Regulatory Authority by 5pm on the day on which it is due.(2) If the due date is not a Business Day, the report must be received by the Regulatory Authority by 5pm on the next Business Day.(3) A report will not be considered to have been received by the Regulatory Authority until it has been:(A) received by electronic mail at the address provided by the Regulatory Authority; and(B) duly signed by the signatories specified in the relevant Rule and delivered by:(i) post to the current address of the Regulatory Authority;(ii) hand delivered to the current address of the Regulatory Authority; or(iii) faxed to a fax number provided by the Regulatory Authority.5.1.2 Reports must be signed by the individual performing the Senior Executive Function.5.1.3 The following table provides a summary of the Authorised Firm's reporting requirements to the Regulatory Authority.
Ref. Report Freq. Due Date 8.4 Controllers report (can form part of the Annual declaration) Annually Within 4 months of its financial year end 12.1.2 Audited accounts (The Authorised Firm is required to submit this form only once and it will be deemed to be submitted to QFCA (under Co. Regs) and the QFCRA Annually Within 4 months of its financial year end 13.1.1 Annual Declaration Annually Within 4 months of its financial year end 6 Record Keeping
6.1 Procedures6.1.1 The Authorised Firm must maintain appropriate records of:(A) matters and dealings, including accounting records;(B) policies and procedures; and(C) other documentationwhich are required under these Rules or Regulations in the QFC.6.1.2 The Authorised Firm must ensure records, however stored, are capable of reproduction on paper within a reasonable period not exceeding three days.6.1.3 In maintaining records, the Authorised Firm must have regard to any requirements for preservation, confidentiality, security and the frequency and ease of access required to records.6.1.4 Subject to Rule 6.1.5, the Authorised Firm must ensure records are maintained in the English language.6.1.5 Where records relate to the Authorised Firm's activities not related to Regulated Activities in or from the QFC, the Authorised Firm may maintain those records in another language. If those records are requested by the Regulatory Authority they must be reproduced in English within a reasonable period not exceeding seven days.6.1.6(1) Where original documents cannot be maintained, copies may be kept, provided they are duly certified copies of the original documents.(2) A document in (1) must be certified by:(A) in the case of a document created or issued by the Authorised Firm itself, a director or secretary of the Authorised Firm;(B) in the case of a document issued by a public body responsible for the maintenance of the original document, a Person properly authorised by that public body; or(C) in any other case, a Person duly authorised to certify official documents in the jurisdiction in which the copy is being certified.6.1.7 Unless otherwise stated in a specific provision, records and documents must be maintained by the Authorised Firm for at least six years.6.1.8 The Authorised Firm is not required to maintain the records required under these rules in the QFC, but records must be capable of reproduction in the QFC and provided to the Regulatory Authority if requested.6.1.9 The Authorised Firm will have other record keeping obligations under other QFC legislation such as the Companies Regulations which may require documents to be stored at its registered office in the QFC.6.2 Summary of Record Keeping Requirements6.2.1 The following table contains a summary of the record keeping requirements:
Ref. Subject of Record When Retention Period 9.6 Details of Financial Communications issued by the Authorised Firm and copies of written Financial Communications On Issue Six years from the date on which the Financial Communication is no longer communicated 10.1 A record of the appointment of Approved Individuals (including confirmation that the individual is aware of and has accepted the responsibilities of their appointment) On Appointment Six years from the date on which the appointment is made 11.2.4 Proof of regulatory statues of the Client or Regulated Financial Institution On assessment Six years from the date on which the relationship ends 11.2.4 Suspicious Transaction Report The making the report Six years from the date on which the report is made 12.2.3 Auditor Assessment On appointment of the auditor Six years following the cessation of appointment of the auditor 7 Waivers and Modifications
7.1 Application for a Waiver or Modification7.1.1 If the Authorised Firm wishes to apply for a Waiver or Modification Notice, it must apply in writing.7.1.2 The application for a Waiver or Modification Notice must contain:(A) the Authorised Firm's name and QFC number;(B) the Rule or Rules to which the application relates;(C) a clear explanation of the Rule waiver or modification that is being applied for and the reason why the Authorised Firm is requesting it;(D) details of any other requirements; for example, if there is a specific period for which the Waiver or Modification Notice is required;(E) any reasons the Authorised Firm may have as to why the Waiver or Modification Notice should not be published or why it should be published without disclosing the identity of the Authorised Firm or the confidential or propriety nature of certain information; and(F) all relevant facts to support the application.7.1.3 An application for a Waiver or Modification Notice must be signed by the individual performing the Senior Executive Function.7.1.4 The Authorised Firm must immediately notify the Regulatory Authority if it becomes aware of any material change in circumstances which may affect the application for a Waiver or Modification Notice.7.2 Continuing relevance of a Waiver or Modification7.2.1 An Authorised Firm must immediately notify the Regulatory Authority if it becomes aware of any material change in circumstances which could affect the continuing relevance of a Waiver or Modification Notice.8 Controllers
8.1 Systems and Controls8.1.1 An Authorised Firm must establish and maintain systems and controls to enable it to:(A) be advised of any proposed or actual acquisitions or changes in Control; and(B) monitor any proposed or actual acquisition or changes in Control.8.2 Requirement to Seek Approval and Notify the Regulatory Authority8.2.1 A Controller Notice must be submitted to the Regulatory Authority to request approval to acquire Control in the Authorised Firm.8.2.2 A Controller Notice must be submitted to the Regulatory Authority to notify the Regulatory Authority of a cessation in Control in the Authorised Firm.8.3 Controller Notice8.3.1 A Controller Notice must be in writing on the relevant QFC Form.8.3.2 A Controller Notice must be accompanied by the information and documents as specified in the relevant QFC Form.8.3.3 The Regulatory Authority may request such additional information or documents as it reasonably considers necessary in order to enable it to determine what action it should take in response to the Controller Notice.8.3.4 A Controller Notice must be submitted by:(A) the Authorised Firm in question; or(B) where the Authorised Firm is not aware of the acquisition or change in Control, the Person who is proposing to acquire or cease Control or has acquired or ceased Control.8.3.5 Where a Controller Notice is submitted by the Authorised Firm it must be signed by the individual performing the Senior Executive Function.8.3.6 A Controller Notice must be submitted to the Regulatory Authority in line with the Rules for notifications outlined in chapter 4.8.3.7 A Controller Notice must be submitted to the Regulatory Authority not less than 30 days in advance of the proposed acquisition or change in Control. Where this is not reasonably practicable, the Controller Notice must be submitted immediately upon becoming aware of the proposed or actual acquisition or change in Control.8.4 Annual Controllers Report8.4.1(1) An Authorised Firm must submit a controllers report to the Regulatory Authority annually within four months of its financial year end.(2) The controllers report in (1) must include:(A) the name of each Person having Control over the Authorised Firm;(B) the level and type of Control of each Person in (A);(C) if the Person in (A) is a Body Corporate, its country of incorporation, address and registered number; and(D) if the Person in (A) is an individual, his date and place of birth.8.4.2 The submission of the annual declaration in chapter 13 will fulfil the Authorised Firm's obligation to submit an annual controllers report under this section and Article 40 of the Financial Services Regulations.9 Communication and Disclosure
9.1 Communication9.1.1 Before the Authorised Firm communicates or issues any communication, including a Financial Communication it must ensure that:(A) the communication is clear, fair and not misleading;(B) the accuracy of all material statements of fact can be substantiated; and(C) the communication does not make any untrue claims.9.1.2 An Authorised Firm must take reasonable steps to ensure that any other Person does not communicate or otherwise issue a Financial Communication on behalf of the Authorised Firm unless it complies with the Rules in this chapter.9.2 Approval and Content of Financial Communications9.2.1 Where the Authorised Firm issues a Financial Communication in writing it must contain the following information:(A) the name of the Authorised Firm issuing the Financial Communication;(B) either the address of the Authorised Firm or a contact point from which the address is available;(C) the date of issue and if applicable, the expiry date, of the Financial Communication;(D) a statement of the intended audience of the Financial Communication and if applicable, that the Financial Communication is directed solely at Persons who are not Retail Customers; and(E) the Authorised Firm's regulatory status, in the format described in section 9.5.9.2.2 The Authorised Firm must ensure that before it issues a Financial Communication it confirms that the Financial Communication complies with the Rules in this chapter.9.2.3 An Authorised Firm must arrange for the confirmation exercise in Rule 9.2.2 to be carried out by an individual or individuals with appropriate expertise.9.2.4 Further to Article 81 of the Financial Services Regulations, the Authorised Firm is not permitted to approve a Financial Communication on behalf of another QFC Licensed Firm.9.3 Withdrawing a Financial Communication9.5.1 If, at any time after it has completed a confirmation exercise in Rule 9.2.2, the Authorised Firm becomes aware that a Financial Communication no longer complies with the Rules in this chapter, it must ensure that the Financial Communication is withdrawn as soon as reasonably practicable by:(A) ceasing to communicate it;(B) if applicable, withdrawing its approval; and(C) notifying any Person that the Authorised Firm knows to be relying on its confirmation.9.4 Disclosure in Offering and Listing Documents9.4.1 In carrying out Regulated Activities the Authorised Firm must, as far as reasonably practical, ensure that all offer documents or listing documents contain sufficient information as is necessary to enable the prospective investors in the Transaction to make a reasonable evaluation of the offer and to make an informed decision as to whether or not to subscribe for or purchase such Transaction.9.4.2 In carrying out Regulated Activities the Authorised Firm must, as far as reasonably practical, ensure all offer documents or listing documents contain on the front page the following prominent and legible disclaimer statement:
"The Issuer has been authorised by the Qatar Financial Centre Regulatory Authority (the "QFC Regulatory Authority") as an Authorised Firm (as defined in the QFC Financial Services Regulations 2005) solely to participate in the transaction referred to in this Offering Circular. The QFC Regulatory Authority has no jurisdiction in respect of the transaction other than in respect of the Issuer as an Authorised Firm.
Accordingly, the QFC Regulatory Authority has no responsibility for, and will not be, reviewing or supervising the transaction described in this Offering Circular or any offer to investors made in relation to it. The QFC Regulatory Authority also has no responsibility for reviewing, approving or verifying this Offering Circular or any Transaction Document, and has not done so."9.5 Regulatory Status9.5.1 The Authorised Firm must not misrepresent its regulatory status expressly or by implication.9.5.2(1) The Authorised Firm must take reasonable care to ensure that all business documents in connection with the carrying on of Regulated Activities in or from the QFC include one of the disclosures in (3).(2) The expression "business documents":(A) includes, but is not limited to, letterheads, whether issued by post, fax or electronic means, terms of business, client agreements, written financial communications, business cards, prospectuses and websites; but(B) does not include compliment slips, account statements or text messages.(3) The disclosure required under this rule is:(A) 'Authorised by the Qatar Financial Centre Regulatory Authority for the sole purpose of a single structured finance transaction; or(B) 'Authorised by the QFC Regulatory Authority for the sole purpose of a single structured finance transaction'.(4) The Regulatory Authority logo must only be reproduced with the express written permission of the Regulatory Authority and in accordance with any conditions for use issued from time to time.9.6 Record Keeping9.6.1 The Authorised Firm must establish and maintain records which show for each Financial Communication which it has issued:(A) the name of the individual or individuals who confirmed that the Financial Communication complies with the Rules in this chapter;(B) the date of issue and where appropriate, approval;(C) details of the medium for which the Financial Communication was authorised;(D) the evidence supporting any material statements of fact in the Financial Communication; and(E) if applicable, the details of a withdrawal under Rule 9.3.1.9.6.2 The Authorised Firm must also retain, for written Financial Communications, a copy of the Financial Communication as finally issued.9.6.3 The records required under this section must be maintained for at least six years from the date on which the Financial Communication is no longer communicated.10 Controlled Functions
10.1 Appointment10.1.1 For the purposes of Article 41(2) of the Financial Services Regulations, the functions described in sections 10.2 to 10.5 are Controlled Functions.10.1.2 The Authorised Firm must be satisfied that each individual appointed to carry on a Controlled Function is and remains fit and proper to carry out that Controlled Function.10.1.3 In considering Fitness and Propriety the Regulatory Authority will consider amongst other matters:(A) the honesty, integrity and reputation of the individual;(B) the competence and capability of the individual to perform the Controlled Function; and(C) the individual's financial soundness.10.1.4 The individual must be approved by the Regulatory Authority as an Approved Individual to carry on a Controlled Function.10.1.5 On appointment, the individual performing the Controlled Function must confirm in writing that they are aware of and have accepted the responsibilities of their appointment.10.1.6 The Authorised Firm must keep a record of each individual it has appointed to a Controlled Function and of the confirmation obtained in Rule 10.1.5.10.1.7 Where an individual ceases to perform a Controlled Function, the Authorised Firm must appoint another individual to that function.10.2 Money Laundering Reporting Officer10.2.1 The Authorised Firm must appoint an individual to perform the Controlled Function of MLRO.10.2.2 The Authorised Firm must ensure that its MLRO is responsible for all of its anti Money Laundering activities carried on in or from the QFC, including ensuring compliance with relevant Qatar laws.10.2.3 The Authorised Firm must ensure that its MLRO:(A) has direct access to the senior management of the Authorised Firm;(B) is of sufficient seniority to act on his own authority;(C) has unrestricted access to information the Authorised Firm has about the financial and business circumstances of a Client or any person on whose behalf the Client is or has been acting; and(D) has unrestricted access to relevant information about the features of the transactions which the Authorised Firm has entered into or may have contemplated entering into with or for the Client or that Person.10.3 Senior Executive Function10.3.1 The Authorised Firm must appoint a Director, who has overall responsibility for the conduct of the whole of the business of the Authorised Firm to the Controlled Function of Senior Executive Function.10.4 Executive Governance Function10.4.1 The Authorised Firm must appoint each individual acting in the capacity of a Director of the Authorised Firm, other than a Non-Executive Director to the Controlled Function of Executive Governance Function.10.5 Non-Executive Governance Function10.5.1 The Authorised Firm must appoint each individual holding a position on the Governing Body of the Authorised Firm, but not having responsibility for the day-to-day direction of the Authorised Firm's affairs to the Controlled Function of Non-Executive Governance Function.11 AML
11.1 Qatar Laws11.1.1 The Authorised Firm is reminded that by virtue of Article 18 of the QFC Law, the relevant provisions of the "Law No. (28) of 2002 on Anti Money Laundering", the "Law No. (11) of 2004 Penal Code" and any other criminal law of the State are applicable in the QFC.11.2 AML Regulations and Rules11.2.1 An Authorised Firm must comply with the Client identity verification requirements in the QFC AML Regulations and the Anti Money Laundering Rulebook in respect of every Client unless:(A) the Client is a firm Authorised by the Regulatory Authority or a Relevant Person;(B) the Client is a Regulated Financial institution in a FATF Country;(C) the Client is a Subsidiary of a Regulated Financial Institution in a FATF Country provided that the law that applies to the Parent Entity ensures that the Subsidiary also observes the same provisions; or(D) the Client's identity has been verified by a Regulated Financial institution in a FATF Country.11.2.2 The Authorised Firm must obtain proof of the regulatory status of the Client or the Regulated Financial Institution in Rule 11.2.1 (B), (C) or (D) from an Overseas Regulator or another relevant authority.11.2.3 If the Authorised Firm makes a Suspicious Transaction Report to the FIU it must notify the Regulatory Authority that such a report has been made and include general details of the report.11.2.4 The Authorised Firm must maintain a record of the proof obtained in Rule 11.2.2 and any Suspicious Transaction Reports made under Rule 11.2.3.12 Auditing and Accounting
12.1 Accounting and Audit12.1.1 The Authorised Firm is reminded that it is subject to the Accounting and Audit requirements set out in section 11 of the Companies Regulations.12.1.2 Within four months of the end of the financial year, the Authorised Firm must file a copy of the audited accounts required under the QFC Companies Regulations with the Regulatory Authority.12.2 Appointment of Auditor12.2.1 The Authorised Firm must notify the Regulatory Authority of the appointment of an auditor including the name and business address of the auditor and the date of the commencement of the appointment.12.2.2 In addition to the provisions of the Companies Regulations the Authorised Firm must not appoint an auditor unless the auditor:(A) has prior to the appointment, consented in writing to the appointment;(B) has the required skills, resources and experience to audit the businesses of the Authorised Firm; and(C) has satisfied the Authorised Firm that it and its relevant audit staff are independent of, and not subject to any conflict of interest with respect to, the Authorised Firm.12.2.3 The Authorised Firm must keep a record of the assessment under Rule 12.2.2.12.2.4 Where an auditor ceases for any reason to be appointed by the Authorised Firm, the Authorised Firm must notify the Regulatory Authority in writing including the reason for the cessation of appointment.13 Annual Declaration
13.1 Contents of Annual Declaration13.1.1 The Authorised Firm must submit an annual declaration to the Regulatory Authority which confirms:(A) that the Authorised Firm has only undertaken activities for which it is Authorised;(B) the individuals performing each of the Controlled Functions under chapter 10;(C) the extent the Authorised Firm has complied with these rules;(D) details of the Controllers of the Authorised Firm, or a statement that there has been no changes to the Controllers since the last declaration;(E) that there were no notifiable events during the period covered by this declaration other than those which have previously been reported to the Regulatory Authority; and(F) that it has complied with its obligations under the Transaction Documents.13.1.2 The annual declaration must be signed by the Authorised Firm's MLRO and the individual performing the Senior Executive Function.13.1.3 The annual declaration must be submitted to the Regulatory Authority within four months of the Authorised Firm's financial year end.14 Islamic Business
14.1 Shari'a Supervisory Board14.3.1 The Authorised Firm must ensure that the Transaction is reviewed by a Shari'a supervisory board and a Fatwa must be obtained in respect of whether the Transaction complies with Shari'a principles.14.1.2 The Authorised Firm must set out in the Offer Circular the following information:(A) the identity of the members of the Shari'a supervisory board which reviewed the transaction; and(B) a copy of the Fatwa issued by the Shari'a supervisory board in respect of the Shari'a compliance of the Transaction.15 Fees
15.1 General Provisions15.1.1 Where a fee is payable for any application to the Regulatory Authority, the application may not be regarded as submitted until the fee has been paid in full.15.1.2 Fees must be paid by the date upon which they fall due. Should the Authorised Firm fail to pay by the due date then, without limiting the right of the Regulatory Authority to take any other action, the sum due will be increased by 1% for each calendar month, or part of a calendar month, that it remains outstanding beyond the due date.15.2 Application Fees15.2.1 The Authorised Firm (or 'the applicant' prior to Authorisation) seeking to conduct Regulated Activities in or from the QFC or applying for Authorisation to conduct additional Regulated Activities must pay to the Regulatory Authority an application fee of US$5,000.15.2.2 Any application fees paid, whether in respect of the applicant or the Authorised Firm are non-refundable, regardless of whether the application is successful or not.15.3 Initial Annual Fee15.3.1 The Authorised Firm must pay to the Regulatory Authority and initial annual fee for the initial period of regulation after the grant of Authorised Firm status.15.3.2 The initial annual fee is calculated as the fee which was payable at the time of application for Authorisation, pro-rated over the whole months remaining between the date of Authorisation and the end of the year.15.3.3 The initial annual fee must be paid in full to the Regulatory Authority within 21 days of the date of Authorisation.15.4 Subsequent Annual Fees15.4.1 The Authorised Firm must pay to the Regulatory Authority a standard annual fee of US$5,000 for any period of regulation after the initial period of regulation in section 15.3.15.4.2 Subsequent annual fees must be paid in full to the Regulatory Authority on or before 1 January of every calendar year.16 Outsourcing
16.1 General Provisions16.1.1 Where the Authorised Firm Outsources any of its functions or activities directly related to Regulated Activities to third party providers (including within its Group) is not relieved of its regulatory obligations and remains responsible for compliance with applicable requirements in the QFC.16.1.2 The Authorised Firm must not enter into an Outsourcing arrangement which may adversely impact on the Regulatory Authority's ability to supervise the activities of the Authorised Firm.16.1.3 The Authorised Firm must provide the Regulatory Authority with prior notification of its intention to enter into any Material Outsourcing arrangement.16.1.4 The Authorised Firm must maintain records of each Material Outsourcing arrangement and make available on request of the Regulatory Authority all information relevant to the Material Outsourcing to enable the Regulatory Authority to assess compliance of these arrangements.16.1.5 The Authorised Firm must exercise due skill, care and diligence in selecting, entering into, managing and exiting from Material Outsourcing arrangements.16.1.6 The Authorised Firm must ensure the service provider has the ability and capacity to perform the outsourced functions reliably and professionally at the start and during the life cycle of the Material Outsourcing having regard to the following non-exhaustive factors:(A) whether the service provider is regulated, to what extent, and by whom;(B) whether the provision of the outsourced function is subject to specific regulation or(C) the risk that the requested services are not available due to the number of other persons using the same service provider;(D) the financial stability and expertise of the service provider; and(E) potential conflicts of interest that may arise from the provision of the service by the service provider.16.1.7 The Authorised Firm must enter into a written agreement with the service provider which requires the service provider:(A) to deal with the Regulatory Authority in an open and co-operative way in respect of matters relating to the Authorised Firm under the Material Outsourcing; and(B) to provide the Regulatory Authority, upon written request, copies of the Authorised Firm's books, records and data in the possession or control of the service provider.W0011/06 – Barclays Bank Plc
NOTICE OF RULE WAIVER
Firm Barclays Bank Plc Address Office 1505 C, 15th Floor, MEC Building, Doha, Qatar QFC No. 00018 Notice No. W0011/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 10th September 2006 and expires on 30th June 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);and
2.1.1 through to 2.10.4 (inclusive) (Capital Requirements)of the Interin Prudential – Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the condition that:
(A) Barclays Bank Plc ensures that it maintains financial resources which are adequate in relation to the nature , size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Barclays Bank Plc submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) Section D (Captial Adequacy Summary) within 10 business days after the date that this is due to be submitted to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer10th September 2006
W0013/06 – Morgan Stanley & Co International Limited
NOTICE OF RULE WAIVER
Firm Morgan Stanley & Co International Limited Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00019 Notice No. W0013/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 12th September 2006 and remains in effect until 30th June 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the condition that:
(A) Morgan Stanley & Co International Limited ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) On a quarterly basis, Morgan Stanley & Co International Limited submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) financial reporting statement within 10 business days after the date that this is due to be submitted to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer12th September 2006
W0015/06 – Ansbacher & Co Limited
NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address PO Box 23589, Doha, Qatar QFC No. 00001 Notice No. W0015/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 October 2006 and remains in effect until 30 June 2007.RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential – Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
(A) Ansbacher & Co Limited ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Ansbacher & Co Limited submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority’s (FSA) Section D (Capital Adequacy Summary), within 10 working days of the due date to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP).
Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer27 September 2006
W0016/06 – United Gulf Financial Services Company LLC
NOTICE OF RULE WAIVER
Firm United Gulf Financial Services Company LLC Address Office 1105, 11th Floor, MEC Building QFC No. 00007 Notice No. W 0016/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 3rd October 2006 and expires on 31st December 2006.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This Notice is given on the condition that:
(A) on a monthly basis, United Gulf Financial Services Company LLC submits to the QFC Regulatory Authority a report outlining progress made towards appointment of an individual ordinarily resident in Qatar to carry out the Money Laundering Reporting Function;(B) during the term of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Ghulam Ahmed Mohatarem and that he remains ordinarily resident in Bahrain; and(C) Mr Ghulam Ahmed Mohatarem spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP).
Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer3rd October 2006
W0017/06 – National Bank of Dubai PJSC
NOTICE OF RULE WAIVER
Firm National Bank of Dubai PJSC Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00026 Notice No. W 0017/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 12 December 2006 and remains in effect until 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for National Bank of Dubai PJSC must spend an appropriate portion of her time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the captalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer12 December 2006
W0018/06 – National Bank of Dubai PJSC
NOTICE OF RULE WAIVER
Firm National Bank of Dubai PJSC Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00026 Notice No. W 0018/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 12 December and remains in effect until 30 June 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) National Bank of Dubai PJSC ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, National Bank of Dubai PJSC submits to the QFC Regulatory Authority a copy of their latest capital adequacy summary report to the UAE Central Bank, within 10 business days after the date this is due to be submitted to the UAE Central Bank.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer12 December 2006
W0020/06 – UBP (Qatar) LLC
NOTICE OF RULE WAIVER
Firm UBP (Qatar) LLC Address Qatar Financial Centre, Office 702, 7th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00021 Notice No. W 0020/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 31st October 2006 and remains in effect until 30th October 2007.
RULES WAIVED
Rule 2.2.1(A) of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Senior Executive Function (SEF) for UBP (Qatar) must spend an appropriate portion of his time in the State having regard to the responsibilities the SEF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31st October 2006
W0021/06 – Kuwait Financial Centre S.A.K
NOTICE OF RULE WAIVER
Firm Kuwait Financial Centre S.A.K Address Office 1502, 15th Floor, MEC Building, Doha, Qatar QFC No. 00009 Notice No. W 0021/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1st November 2006 and remains in effect until 31st January 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that during the term of this notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Ajesh Chada and that he remains ordinarily resident in the State of Kuwait.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31st October 2006
W0022/06 – Morgan Stanley & Co International Limited
NOTICE OF RULE MODIFICATION
Firm Morgan Stanley & Co International Limited Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00019 Notice No. W 0022/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5th December 2006 remains in effect until 4th December 2008.
The Prudential - Investment, Insurance Mediation and Banking Rulebook (PIIB) applies to Morgan Stanley & Co International Limited with the following modification.
For Rule 1.5.3(5), substitute the following:
(5) In (4), the standard quarter is each of the three month periods ending on 28 February, 31 May, 31 August and 30 November of each year.CONDITIONS
This Notice is given on the condition that Morgan Stanley & Co International Limited must provide quarterly returns on a specified date if required by the QFC Regulatory Authority.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer5th December 2006
W0024/06 – Arab Jordan Investment Bank (Qatar) LLC
NOTICE OF RULE WAIVER
Firm Arab Jordan Investment Bank (Qatar) LLC Address Level 12, Ministry of Economy and Commerce Building, PO Box 37563, Doha, Qatar QFC No. 0003 Notice No. W 0024/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5th December 2006 and remains in effect until 4th December 2007.
RULES WAIVED
Rule 2.2.1(A) of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
(A) Fuad Suliman Diab, AI Number AI00012, remains appointed jointly responsible locally and remains ordinarily resident in the State; and(B) any other individual approved for the SEF spends an appropriate portion of his time in the State having regard to the responsibilities the SEF entails.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer5th December 2006
W0025/06 – AXA Investment Managers (Qatar) LLC
NOTICE OF RULE WAIVER
Firm AXA Investment Managers (Qatar) LLC Address Level 15, Ministry of Economy and Commerce Building, PO Box 22989, Doha, Qatar QFC No. 0008 Notice No. W 0025/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 6th December and remains in effect until 5th December 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
(A) Manisha Patel, deputy MLRO, remains ordinarily resident in the State;(B) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for AXA Investment Managers (Qatar) LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its matural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer11 December 2006
W0026/06 – Alpen Investment Bank LLC
NOTICE OF RULE WAIVER
Firm Alpen Investment Bank LLC Address QFC Tower, Qatar Financial Centre, West Bay Doha, Qatar QFC No. 00028 Notice No. W 0026/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21 December 2006 and remains in effect until 30 June 2007.
RULES WAIVED
Rule 2.2.1 (A) of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that:
(A) the Approved Individual carrying out the Senior Executive Function (SEF) for Alpen Investment Bank LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the SEF entails.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 December 2006
W0027/06 – Alpen Investment Bank LLC
NOTICE OF RULE WAIVER
Firm Alpen Investment Bank LLC Address QFC Tower, Qatar Financial Centre, West Bay Doha, Qatar QFC No. 00028 Notice No. W 0027/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21 December 2006 and remains in effect until 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Alpen Investment Bank LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 December 2006
W0028/06 – United Gulf Financial Services Company LLC
NOTICE OF RULE WAIVER
Firm United Gulf Financial Services Company LLC Address Office 1105, Level 11, Ministry of Economy & Commerce Building, P.O. Box 2264, Doha, Qatar. QFC No. 0007 Notice No. W 0028/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2007 and remains in effect until 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This Notice is given on the condition that:
(A) During the term of this notice the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for United Gulf Financial Services Company LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer12 December 2006
W0029/06 – Deutsche Bank AG Doha (QFC) Branch
NOTICE OF RULE WAIVER
Firm Deutsche Bank AG Doha (QFC) Branch Address Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0029/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28 December 2006 and expires on 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved individual carrying out the Money Laundering Reporting Function (MLRF) for Deutsche Bank AG Doha (QFC) Branch must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28 December 2006
W0030/06 – Deutsche Bank AG Doha (QFC) Branch
NOTICE OF RULE WAIVER
Firm Deutsche Bank AG Doha (QFC) Branch Address Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0030/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice comes into effect on 28 December 2006 and expires on 30 June 2007.
Effective Date: This notice comes into effect on 28 December 2006 and expires on 30 June 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Deutsche Bank AG ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) On a quarterly basis, Deutsche Bank AG submits to the QFC Regulatory Authority an English translation of its latest BaFin financial reporting statement within 10 business days after the date this is due to be submitted to the BaFin.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28 December 2006
W0031/06 – Bank Audi LLC
NOTICE OF RULE WAIVER
Firm Bank Audi LLC
Audi Saradar
Qatar Financial CentreAddress Office 1801, 18th Floor
QFC Tower
Doha — QatarQFC No. 00027 Notice No. W 0031/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21st December 2006 and expires on 20 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that during the terms of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr Jean Chamoun and that he remains ordinarily resident in Lebanon.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21st December 2006
W0032/06 – Global Investment House (Qatar) LLC
NOTICE OF RULE WAIVER
Firm Global Investment House (Qatar) LLC Address Office 1501, Level 15, Ministry of Economy and Commerce Building, Doha, Qatar QFC No. 00011 Notice No. W 0032/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2007 and expires on 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Global Investment House (Qatar) must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 December 2006
W0033/06 – Ansbacher & Co Limited
NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited
Qatar Financial CentreAddress 11th Floor
Ministry of Economy and Commerce Building
Doha — QatarQFC No. 00001 Notice No. W 0033/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2007 and expires on 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
(A) on a monthly basis, Ansbacher & Co Limited submits to the QFC Regulatory Authority a report outlining progress made toward appointment of a permanent Approved Individual resident in the region to carry out the Money Laundering Reporting Function; and(B) during the term of this Notice the Approved Individual carrying out the Money Laundering Reporting Function is Mr. William Richard Simms and that he remains ordinarily resident in the United Kingdom.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 December 2006
W0003/07 – ICICI Bank Limited
NOTICE OF RULE WAIVER
Firm ICICI Bank Limited Address Office No. 1101, 11th Floor, QFC Tower, West Bay, Doha, Qatar QFC No. 00041 Notice No. W 0003/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21 March 2007 and remains in effect until 30 June 2007.
RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
(A) ICICI Bank Limited ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; andon a quarterly basis, ICICI Bank Limited submits to the QFC Regulatory Authority a copy of their latest Reserve Bank of India (RBI) financial reporting statement within 10 business days after the date this is due to be submitted to the RBI.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 March 2007
W0006/07 – ICICI Bank Limited
NOTICE OF RULE WAIVER
Firm ICICI Bank Limited Address Office No. 1101, 11th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00041 Notice No. W 0006/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21 March 2007 and remains in effect until 30 September 2007 or until earlier revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the conditions that:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for ICICI Bank Limited must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails; and(B) during the term of his notice the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) is Mr Dilip Jain.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 March 2007
W0008/07 – Citibank, N .A.
NOTICE OF RULE WAIVER
Firm Citibank, N .A. Address 9th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00043 Notice No. W 0008/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 31 March 2007 and remains in effect until 30 June 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Citibank, N.A. must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails; and(B) during the term of this notice the Approved Individual carrying out the MLRF is Mr. Jairaj Nalamutt.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31 March 2007
W0009/07 – Citibank, N.A.
NOTICE OF RULE WAIVER
Firm Citibank, N.A. Address 9th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00043 Notice No. W 0009/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 31 March 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rules:
1 2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Citibank, N.A ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Citibank, N.A. submits to the QFC Regulatory Authority a copy of its latest US Comptroller of the Currency (OCC) financial reporting statement within 10 business days after it is due to be submitted to the OCC.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31 March 2007
W0011/07 – The Royal Bank of Scotland plc
NOTICE OF RULE WAIVER
Firm The Royal Bank of Scotland plc Address 12th Floor, (Suite 1), QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00046 Notice No. W 0011/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 4 April 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential - Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) The Royal Bank of Scotland plc ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, The Royal Bank of Scotland plc submits to the QFC Regulatory Authority a copy of the latest UK Financial Sewices Authority (FSA) financial reporting statement within 10 business days after the date this is due to be submitted to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer4 April 2007
W0014/07 – UBP (Qatar) LLC
NOTICE OF RULE MODIFICATION
Firm UBP (Qatar) LLC Address Qatar Financial Center, Office 702, 7th Floor QFC Tower QFC No. 00021 Notice No. W 0014/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 30 April 2007 and expires on 1 May 2008.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.4.1 substitute the following:
9.4.1(1) Within four months of 31 December 2007, an Authorised Firm must:(A) have its accounts and financial statement examined and reported upon by the Authorised Firm's auditor in accordance with the requirements of the Companies Regulations or Limited Liability Partnership Regulations and this chapter; and(B) file a copy of the financial statements and auditor's report with the Regulatory Authority.(2) For the purposes of subrule (1), the auditors report and financial statements must cover the period from 1 October 2006 to 31 December 2007.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer30 April 2007
W0015/07 – TAIB Bank Qatar LLC
NOTICE OF RULE MODIFICATION
Firm TAIB Bank Qatar LLC Address Qatar Financial Center, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0015/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 16 May 2007 and remains in effect until 15 August 2007.
RULES WAIVED
Rule 2.2.1(a) of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Senior Executive Function (SEF) for TAIB Bank Qatar LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the SEF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer16 May 2007
W0016/07 – TAIB Bank Qatar LLC
NOTICE OF RULE MODIFICATION
Firm TAIB Bank Qatar LLC Address Qatar Financial Center, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0016/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 16 May 2007 and remains in effect until 15 November 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for TAIB Bank Qatar LLC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer16 May 2007
W0019/07 – Citibank, N.A
NOTICE OF RULE WAIVER
Firm Citibank, N.A Address 9th Floor, QFC Tower, Diplomatic Area, West Bay, Doha QFC No. 00043 Notice No. W 0019/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until 31 October 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Citibank, N.A must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0020/07 – Global Investment House
NOTICE OF RULE WAIVER
Firm Global Investment House Address Office 1501, MEC Building Doha, Qatar QFC No. 00011 Notice No. W 0020/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Global Investment House must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0023/07 – Deutsche Bank AG Doha (QFC) Branch
NOTICE OF RULE WAIVER
Firm Deutsche Bank AG Doha (QFC) Branch Address Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0023/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Deutsche Bank AG ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Deutsche Bank AG submits to the QFC Regulatory Authority an English translation of its latest BaFin financial reporting statement within 10 business days after the date this is due to be submitted to the BaFin.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0025/07 – Morgan Stanley & Co International Plc
NOTICE OF RULE WAIVER
Firm Morgan Stanley & Co International plc Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00019 Notice No. W 0025/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Morgan Stanley & Co International plc ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Morgan Stanley & Co International plc submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) financial reporting statement within 10 business days after the date this is due to be submitted to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0026/07 – National Bank of Dubai PJSC
NOTICE OF RULE WAIVER
Firm National Bank of Dubai PJSC Address c/o Arab Law Bureau, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00026 Notice No. W 0026/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) National Bank of Dubai PJSC ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, National Bank of Dubai PJSC submits to the QFC Regulatory Authority a copy of their latest capital adequacy summary report to the UAE Central Bank, within 10 business days after the date this is due to be submitted to the UAE Central Bank.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0027/07 – Standard Chartered Bank
NOTICE OF RULE WAIVER
Firm Standard Chartered Bank Address Standard Chartered Bank Building, Khalid Bin Jasim St., P.O. Box 29. Doha, Qatar QFC No. 00010 Notice No. W 0027/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Standard Chartered Bank ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Standard Chartered Bank submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) Section D (Capital Adequacy Summary); and(i) for quarters one and three the report must be submitted to the QFC Regulatory Authority within 10 working days of the due date to the FSA; and(ii) for quarters two and four, the report must be submitted within 10 working days of the announcement of Standard Chartered Bank Group's half-yearly and full year results respectively.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0030/07 – Global Investment House (Qatar) LLC
NOTICE OF RULE MODIFICATION
Firm Global Investment House (Qatar) LLC Address Office 1501, MEC Building Doha, Qatar QFC No. 00011 Notice No. W 0030/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and expires on 30 April 2008 at 5pm.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.4.1 substitute the following:
9.4.1(1) Within four months of 31 December 2007, an Authorised Firm must:(A) have its accounts and financial statement examined and reported upon by the Authorised Firm's auditor in accordance with the requirements of the Companies Regulations or Limited Liability Partnership Regulations and this chapter; and(B) file a copy of the financial statements and auditor's report with the Regulatory Authority.(2) For the purposes of subrule (1), the auditors report and financial statements must cover the period from 28 June 2006 to 31 December 2007.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0031/07 – Bank Audi LLC
NOTICE OF RULE WAIVER
Firm Bank Audi LLC Address Adui Saradar, Qatar Financial Centre Office 1801, QFC Tower, Doha, Qatar QFC No. 00027 Notice No. W 0031/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until 31 August 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Bank Audi LLC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0032/07 – BankMuscat International B.S.C.
NOTICE OF RULE WAIVER
Firm BankMuscat International B.S.C. Address Level 15, Ministry of Economy and Commerce Building, Doha, Qatar QFC No. 00052 Notice No. W 0032/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Service Regulations 2005.
Effective Date: This notice comes into effect on 28 June 2007 and expires on 31 December 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for BankMuscat International B.S.C. must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0033/07 – BankMuscat International B.S.C
NOTICE OF RULE WAIVER
Firm BankMuscat International B.S.C. Address Level 15, Ministry of Economy and Commerce Building, Doha, Qatar QFC No. 00052 Notice No. W 0033/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28 June 2007 and expires on 31 December 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) BankMuscat International B.S.C. ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significance risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, the above mentioned Person submits to the QFC Regulatory Authority a copy of their latest capital adequacy summary, within 10 working days of it being submitted to the Central Bank of Bahrain.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0034/07 – United Gulf Financial Services Company LLC
NOTICE OF RULE WAIVER
Firm United Gulf Financial Services Company LLC Address Office 1202, 12th Floor, QFC Tower, Diplomatic Area, West Bay, PO Box 22641, Doha, Qatar. QFC No. 00007 Notice No. W 0034/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for United Gulf Financial Services Company LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer1 July 2007
W0037/07 – Goldman Sachs International
NOTICE OF RULE WAIVER
Firm Goldman Sachs International Address Office 601, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00053 Notice No. W 0037/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 9 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition:
(A) Goldman Sachs International ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Goldman Sachs International submits to the QFC Regulatory Authority a copy of the latest UK Financial Services Authority (FSA) financial reporting statements within 10 business days after the date this is due to be submitted to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 July 2007
W0038/07 – Alpen Investment Bank LLC
NOTICE OF RULE WAIVER
Firm Alpen Investment Bank LLC Address 302, Qatar Financial Centre Tower, West Bay, Doha, Qatar. QFC No. 00028 Notice No. W 0038/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 July 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rule 2.2.1(A) of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Senior Executive Function (SEF) for Alpen Investment Bank LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the SEF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 July 2007
W0039/07 – Alpen Investment Bank LLC
NOTICE OF RULE WAIVER
Firm Alpen Investment Bank LLC Address 302, Qatar Financial Centre Tower, West Bay, Doha, Qatar. QFC No. 00028 Notice No. W 0039/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 July 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Alpen Investment Bank LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 July 2007
W0040/07 – Morgan Stanley & Co International plc
NOTICE OF RULE WAIVER
Firm Morgan Stanley & Co International plc Address Arab Law Bureau, Office 1503, 15th Floor, Ministry of Economy & Commerce Building, Diplomatic Area, Doha, Qatar. QFC No. 00019 Notice No. W 0040/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rule 6.2.1 (C) of the Individuals (INDI) Rulebook
CONDITIONS
This notice is given on the condition that it applies only to employees based in the Dubai International Financial Centre (DIFC) branch of Morgan Stanley & Co International plc.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 July 2007
W0042/07 – Bank Audi LLC
NOTICE OF RULE WAIVER
Firm Bank Audi LLC QFC No. 00027 Notice No. W 0042/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21 August 2007 and remains in effect until 30 November 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Bank Audi LLC must spend an appropriate portion of her time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer20 August 2007
W0043/07 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC QFC No. 00049 Notice No. W 0043/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 20 August 2007 and remains in effect until 20 February 2008.
RULES WAIVED
Rule 2.2.1(a) of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Senior Executive Function (SEF) for TAIB Bank Qatar LLC must spend an appropriate portion of his time in the State having regard to the responsibilities the SEF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer20 August 2007
W0045/07 – Kaupthing Bank hf.
NOTICE OF RULE WAIVER
Firm Kaupthing Bank hf. QFC No. 00063 Notice No. W 0045/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 27 September 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Kaupthing Bank hf. will spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer27 September 2007
W0046/07 – Kaupthing Bank hf.
NOTICE OF RULE WAIVER
Firm Kaupthing Bank hf. QFC No. 00063 Notice No. W 0046/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 27 September 2007 and remains in effect until 31 December 2007.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the condition that:
(A) Kaupthing Bank hf. ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Kaupthing Bank hf. submits to the QFC Regulatory Authority a copy of its latest financial reporting statement to the Financial Services Authority of Iceland (FME) within 10 business days after the date this is due to be submitted to the FME.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer27 September 2007
W0047/07 – ABN AMRO Bank NV
NOTICE OF RULE WAIVER
Firm ABN AMRO Bank NV QFC No. 00065 Notice No. W 0047/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 11 October 2007 and remains in effect until 30 September 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for ABN AMRO Bank NV spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer11 October 2007
W0048/07 – ABN AMRO Bank NV
NOTICE OF RULE WAIVER
Firm ABN AMRO Bank NV QFC No. 00065 Notice No. W 0048/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 11 October 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the condition that ABN AMRO Bank NV ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer11 October 2007
W0049/07 – Zurich International Life Limited
NOTICE OF RULE WAIVER
Firm Zurich International Life Limited QFC No. 00067 Notice No. W 0049/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 November 2007 and remains in effect until 30 April 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the conditions:
• the Approved Individual carrying out the Money Laudering Reporting Function (MLRF) for Zurich International Life Limited spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and• that Zurich International Life Limited does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the Money Laundering Reporting Function who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 November 2007
W0050/07 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0050/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 18 November 2007 and remains in effect until 30 May 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
• the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for TAIB Bank Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and• that TAIB Bank Qatar LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed and Approved Individual carrying out the Money Laundering Reporting Function who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0052/07 – American Life Insurance Company ("ALICO")
NOTICE OF RULE MODIFICATION
Firm American Life Insurance Company ("ALICO") QFC No. 00036 Notice No. W 0052/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 27 November 2007 and remains in effect until revoked or withdrawn.
RULES MODIFIED
The Conduct of Business Rulebook (COND) applies to the above mentioned Person, with the following modification:
For COND Section 4.3.14 (1)(d) substitute the following:
(d) "The Qatar Financial Centre Regulatory Authority is the independent financial services regulator for the Qatar Financial Centre. It requires us, [authorised firm's name], to give you this important information to help you decide whether this product is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safely for future reference".CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer27 November 2007
W0053/07 – EFG-Hermes Qatar LLC
NOTICE OF RULE WAIVER
Firm EFG-Hermes Qatar LLC Address Office 1103, 11th Floor, Ministry of Economy and Commerce Building, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00069 Notice No. W 0053/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 13 December 2007 and remains in effect until 12 March 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for EFG-Hermes Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) EFG-Hermes Qatar LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer13 December 2007
W0054/07 – Bank Muscat International B.S.C.
NOTICE OF RULE WAIVER
Firm Bank Muscat International B.S.C. Address Batelco Commercial Centre, P.O. Box 350, Manama, Bahrain QFC No. 00052 Notice No. W 0054/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2008 and remains in effect until 30 June 2008.
RULES WAIVED
Rule 2.2.2 of the Individual Rulebook (INDI)
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Bank Muscat International spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) Bank Muscat International does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0055/07 – Citibank, N.A.
NOTICE OF RULE WAIVER
Firm Citibank, N.A. Address 9th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00043 Notice No. W 0055/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resrouces requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential - Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the following conditions:
(A) Citibank, N.A. ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Citibank, N.A. submits to the QFC Regulatory Authority a copy of its latests US Office of the Comptroller of the Currency (OCC) financial reporting statement within 10 business days after it is due to be submitted to the OCC.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0056/07 – Bank Muscat International BSC
NOTICE OF RULE WAIVER
Firm Bank Muscat International BSC Address Batelco Commerical Centre, P.O Box 350 Manama, Kingdom of Bahrain QFC No. 00052 Notice No. W 0056/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
3.1.1–3.7.1 (inclusive) (Islamic Finance Business);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the following conditions:
(A) Bank Muscat International BSC ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Bank Muscat International BSC submits to the QFC Regulatory Authority a copy of their latest capital adequacy summary, within 10 working days of it being submitted to the Central Bank of Bahrain.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0057/07 – Royal Bank of Scotland plc
NOTICE OF RULE WAIVER
Firm Royal Bank of Scotland plc Address One NBAD Tower, Sheikh Khalifa Street Abu Dhabi, United Arab Emirates QFC No. 00046 Notice No. W 0057/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resrouces requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB)
CONDITIONS
This notice is given on the following conditions:
(A) Royal Bank of Scotland plc (RBS) plc ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) RBS plc, on a quarterly basis, submits to the QFC Regulatory Authority a copy of its Financial Services Authority (FSA), UK financial reporting statement withint 10 business days after it is due to be submitted to the FSA UK.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0058/07 – Kaupthing Bank hf.
NOTICE OF RULE WAIVER
Firm Kaupthing Bank hf. Address Office No 802, QFC Tower, West Bay Doha, Qatar QFC No. 00063 Notice No. W 0058/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 January 2008 and remains in effect until 30 March 2008.
RULES WAIVED
Rule 2.2.2 of the Individual Rulebook (INDI)
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Kaupthing Bank hf. spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) Kaupthing Bank hf. does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0002/08 – Global Investment House (Qatar)
NOTICE OF RULE WAIVER
Firm Global Investment House (Qatar) Address P.O Box 28807, Safat, 13149, Kuwait QFC No. 00011 Notice No. W 0002/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 15 January 2008 and remains in effect until 15 April 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Global Investment House spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) Global Investment House does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer15 January 2008
W0003/08 – Industrial and Commercial Bank of China Limited
NOTICE OF RULE WAIVER
Firm Industrial and Commercial Bank of China Limited Address No.55 FuXingMenNei Avenue, Xicheng District, Beijing, China QFC No. 00066 Notice No. W 0003/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 31 January 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Industrial and Commercial Bank of China Limited ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31 January 2008
W0004/08 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0004/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 February 2008 and remains in effect until 25 August 2008.
RULES WAIVED
Rule 2.2.1 (A) of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the conditions:
(A) the Approved Individual carrying out the Senior Executive Function (SEF) for TAIB Bank LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the SEF entails; and(B) TAIB Bank LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the SEF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 February 2008
W0005/08 – Alpen Investment Bank LLC
NOTICE OF RULE WAIVER
Firm Alpen Investment Bank LLC Address 302, Qatar Financial Centre Tower, West Bay, Doha, Qatar QFC No. 00028 Notice No. W 0005/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 February 2008 and remains in effect until 30 March 2008.
RULES WAIVED
Rule 2.2.1 (A) of the Individuals Rulebook (INDI).
of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the conditions:
(A) the Approved Individual carrying out the Senior Executive Function (SEF) for Alpen Investment Bank LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the SEF entails; and(B) Alpen Investment Bank LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the SEF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 February 2008
W0006/08 – Alpen Investment Bank LLC
NOTICE OF RULE WAIVER
Firm Alpen Investment Bank LLC Address 302, Qatar Financial Centre Tower, West Bay, Doha, Qatar QFC No. 00028 Notice No. W 0006/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 February 2008 and remains in effect until 30 March 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Alpen Investment Bank LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) Alpen Investment Bank LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 February 2008
W0007/08 – EFG-Hermes Qatar LLC
NOTICE OF RULE WAIVER
Firm EFG-Hermes Qatar LLC Address Office 1103, 11th Floor, Ministry of Economy and Commerce Building, West bay, Doha QFC No. 00069 Notice No. W 0007/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 13 March 2008 and expires on 30 June 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for EFG-Hermes Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) EFG-Hermes Qatar LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer11 March 2008
W0008/08 – Union National Bank
NOTICE OF RULE WAIVER
Firm Union National Bank Address P.O. Box 3865, Abu Dhabi, United Arab Emirates QFC No. 00075 Notice No. W 0008/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 March 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the conditions:
(A) United National Bank ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Union National Bank submits to the QFC Regulatory Authority a copy of its latest financial reporting statement to the Central Bank of the UAE within 10 business days after it is due to be submitted to the Central Bank of UAE.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 March 2008
W0009/08 – Sumitomo Mitsui Banking Corporation
NOTICE OF RULE WAIVER
Firm Sumitomo Mitsui Banking Corporation Address Office 1504, 15th Floor, Ministry of Economy and Commerce Building, Diplomatic Area — West Bay, Doha — Qatar QFC No. 00073 Notice No. W 0009/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 March 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Sumitomo Mitsui banking Corporation ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 March 2008
W0011/08 – TAIB Bank Qatar LLC
NOTICE OF RULE MODIFICATION
Firm TAIB Bank Qatar LLC Address TAIB Tower, Diplomatic Area, P.O. Box 20485, Manama — Bahrain QFC No. 00049 Notice No. W 0011/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 27 March 2008 and expires on 30 April 2009.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.4.1 substitute the following:
9.4.1
(1) Within four months after 31 December 2008, an Authorised Firm must:(A) have its accounts and financial statement examined and reported upon by the Authorised Firm's auditor in accordance with the requirements of Companies Regulations or Limited Liability Partnership Regulations and this chapter; and(B) file a copy of the financial statements and auditor's report with the Regulatory Authority.(2) For the purposes of subrule (1), the auditors report and financial statements must cover the period from 16 May 2007 to 31 December 2008.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 March 2008
W0012/08 – Global Investment House (Qatar)
NOTICE OF RULE WAIVER
Firm Global Investment House (Qatar) Address P.O Box 28807, Safat 13149, Kuwait QFC No. 00011 Notice No. W 0012/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 30 April 2008 and remains in effect until 15 October 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the following conditions:
(A) The Approved Individual carrying out the Money Laundering Reporting Functions (MLRF) for Global Investment House spends an appropriate portion of his time in the state having regard to the responsibilities that the MLRF entails; and(B) Global Investment House does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer30 April 2008
W0013/08 – Samba Financial Group
NOTICE OF RULE WAIVER
Firm Samba Financial Group Address Office 3, Level 1, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00081 Notice No. W 0013/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 25 May 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);
3.1.1 through to 3.7.1 (inclusive) (Prudential Requirements for Authorised Firms undertaking Islamic Financial Business);
4.3.1 through to 4.10.2 (inclusive) (Credit Risk);
5.3.1 through to 5.9.7 (inclusive) (Market Risk); and
7.3.1 through to 7.4.2 (inclusive) (Group Risk)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Samba Financial Group ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer25 May 2008
W0014/08 – Beltone Financial Qatar LLC
NOTICE OF RULE WAIVER
Firm Beltone Financial Qatar LLC Address QFC Business Centre, Office 1, 1st Floor, QFC Tower. QFC No. 00082 Notice No. W 0014/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28 May 2008 and expires on 30 November 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that:
(A) the approved individual carrying out the Money Laundering Reporting Function for Beltone Financial Qatar LLC spends an appropriate amount of time in the State at the QFC Authorised Firm carrying out the function.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28 May 2008
W0015/08 – Kuwait Financial Centre SAK
NOTICE OF RULE WAIVER
Firm Kuwait Financial Centre SAK Address PO Box 23290, Office 801, 8th Floor QFC Tower, West Bay, Doha, Qatar QFC No. 00009 Notice No. W 0015/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 June 2008 and remains in effect until 31 December 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the individual carrying out the Money Laundering Reporting Function (MLRF) for Kuwait Financial Centre SAK spends an appropriate proportion of his time in the State having regard to the responsibilities that the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 June 2008
W0016/08 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address TAIB Tower, Diplomatic Area, P.O. Box 20485, Manama Bahrain QFC No. 00043 Notice No. W 0016/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 16 June 2008 and remains in effect until 16 December 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for TAIB Bank Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails; and(B) TAIB Bank Qatar LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer16 June 2008
W0017/08 – Global Investment House (Qatar)
NOTICE OF RULE WAIVER
Firm Global Investment House (Qatar) Address P.O Box 28807, Safat, 13149, Kuwait QFC No. 00011 Notice No. W 0017/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 16 June 2008 and remains in effect until 16 October 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Global Investment House spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer16 June 2008
W0018/08 – Coutts & Co
NOTICE OF RULE WAIVER
Firm Coutts & Co Address 12th Floor (Suite 1), QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00084 Notice No. W 0018/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 19 June 2008 and remains in effect until revoked.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Coutts & Co ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer19 June 2008
W0019/08 – Coutts & Co
NOTICE OF RULE WAIVER
Firm Coutts & Co Address 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00084 Notice No. W 0019/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 19 June 2008 and expires on 15 December 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the approved individual carrying out the Money Laundering Reporting Function for Coutts & Co spends an appropriate amount of time in the State at the QFC Authorised Firm carrying out the function.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer19 June 2008
W0020/08 – Marsh Qatar LLC
NOTICE OF RULE WAIVER
Firm Marsh Qatar LLC Address Regus Building, 1st Floor, Office No 120, D Ring Road, Qatar QFC No. 00085 Notice No. W 0020/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 9 July 2008 and expires on 9 January 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Marsh Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 July 2008
W0021/08 – EFG-Hermes Qatar LLC
NOTICE OF RULE WAIVER
Firm EFG-Hermes Qatar LLC Address Office 1103, 11th Floor, Ministry of Economy and Commerce Building, West bay, Doha QFC No. 00069 Notice No. W 0021/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 9 July 2008 and expires on 9 January 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for EFG-Hermes Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 July 2008
W0022/08 – Aon Qatar LLC
NOTICE OF RULE WAIVER
Firm Aon Qatar LLC Address MEC Building, 12th Floor, Office 1201D, West Bay, Doha, Qatar QFC No. 00086 Notice No. W 0022/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 22 July 2008 and expires on 22 January 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Aon Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer22 July 2008
W0023/08 – UBS AG
NOTICE OF RULE WAIVER
Firm UBS AG Address Regus Building, D Ring Road, Al Mataar Al Qadeem District, Po Box 32522, Doha Qatar QFC No. 00087 Notice No. W 0023/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 23 July 2008 and expires on 23 January 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONSThis notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for UBS AG spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer23 July 2008
W0024/08 – UBS AG
NOTICE OF RULE WAIVER
Firm UBS AG Address Regus Building, D Ring Road, Al Mataar Al Qadeem District, Po Box 32522, Doha Qatar QFC No. 00087 Notice No. W 0024/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 23 July 2008 and remains in effect until revoked.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONSThis notice is given on the condition that UBS AG ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer23 July 2008
W0025/08 – Samba Financial Group
NOTICE OF RULE WAIVER
Firm Samba Financial Group Address Office 03, 1st Floor Business Centre, QFC Tower, Diplomatic Area, Westbay, Doha, Qatar QFC No. 00081 Notice No. W 0025/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 21 August 2008 and remains in effect until 31 January 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Samba Financial Group spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails; and(B) Samba Financial Group does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 August 2008
W0026/08 – Religare Hichens, Harrison PLC
NOTICE OF RULE WAIVER
Firm Religare Hichens, Harrison PLC Address QFC Business Centre, Level 1, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00090 Notice No. W 0026/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 September 2008 and remains in effect until revoked.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Religare Hichens, Harrison PLC ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer1 September 2008
W0027/08 – Religare Hichens, Harrison PLC
NOTICE OF RULE WAIVER
Firm Religare Hichens, Harrison PLC Address QFC Business Centre, Level 1, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00090 Notice No. W 0027/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 September 2008 and expires on 15 February 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the approved individual carrying out the Money Laundering Reporting Function for Religare Hichens, Harrison PLC spends and appropriate amount of time in the State at the QFC Authorised Firm carrying out the function.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer1 September 2008
W0028/08 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0028/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 7 September 2008 and remains in effect until 30 November 2008.
RULES WAIVED
Rule 2.2.1(A) of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the following conditions:
• the Approved Individual carrying out the Senior Executive Function (SEF) for TAIB Bank LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the SEF entails; and• TAIB Bank LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the SEF Function who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer7 September 2008
W0029/08 – Zurich International Life Limited
NOTICE OF MODIFICATION
Firm Zurich International Life Limited Address 404, 4th Floor, QFC Tower, West Bay, Doha, Qatar QFC No. 00067 Notice No. W 0029/08 The QFC Regulatory Authority gives notice under the Financial Services Regulations, article 16(1)(A) that:
1 Modification
The Conduct of Business Rulebook applies to the firm with the modifications specified in the schedule to this notice.2 Commencement
This notice commences on 8 September 2008.3 Conditions
None.4 Interpretation
The schedule to this notice is to be interpreted as if its provisions were provisions of the Conduct of Business Rulebook.This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 September 2008
Schedule
Modification of Conduct of Business Rulebook
[1.1] Rule 2.2.1 (1)
substitute(1) This rule applies in relation to anauthorised firm conducting business (other thaninsurance mediation business orinsurance business ) in or from theQFC .[1.2] Rule 2.2.2 (1)
substitute(1) This rule applies in relation to anauthorised firm conductinginsurance mediation business orinsurance business in or from theQFC .[1.3] Rule 2.2.2 (2)
substitute(2) Theauthorised firm must not allow an individual to perform acustomer facing function for it in or from theQFC .[1.4] Rule 2.2.6 (1)
substitute(1) Anauthorised firm must ensure that everynon-QFC intermediary of the firm, when acting as an intermediary for the firm in theState outside theQFC , complies with —(a) those laws, rules or regulations of theState directly applicable to the activity the intermediary undertakes as an intermediary for the firm; and(b) the requirement ofCOND that would apply to it if —(i) it were the firm; and(ii) it were acting in or from theQFC ; and(iii) the firm were authorised to conductinsurance mediation business .W0030/08 – State Street Middle East North Africa LLC
NOTICE OF RULE WAIVER
Firm State Street Middle East North Africa LLC Address State Street Bank and Trust Company, One Royal Exchange, London EC3V 3LL QFC No. 00088 Notice No. W 0030/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 29 September 2008 and remains in effect until 30 November 2008.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for State Street Middle East North Africa LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) State Street Middle East North Africa does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer29 September 2008
W0031/08 – State Street Middle East North Africa LLC
NOTICE OF RULE WAIVER
Firm State Street Middle East North Africa LLC Address State Street Bank and Trust Company, One Royal Exchange, London EC3V 3LL QFC No. 00088 Notice No. W 0031/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 29 September 2008 and remains in effect until 30 November 2008.
RULES WAIVED
Rule 2.2.1 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Senior Executive Function (SEF) for State Street Middle East North Africa LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the SEF entails; and(B) State Street Middle East North Africa does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the SEF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer29 September 2008
W0033/08 – Qatar Insurance Services LLC
NOTICE OF WAIVER AND MODIFICATION
Firm Qatar Insurance Services LLC Address Office 1702, 17th Floor, QFC Tower, PO Box 23245, Doha, Qatar. QFC No. 00097 Notice No. W 0033/08 Notice under the Financial Services Regulations, article 16 (1).
1 Modifications
The following QFC Regulatory Authority Rulebooks apply to the firm with the modifications mentioned in schedule 1:• Conduct of Business Rulebook• Controls Rulebook• Interpretation and Application Rulebook• Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook.2 Waivers
The provisions of the following QFC Regulatory Authority Rulebooks that are mentioned in schedule 2 do not apply to the firm:• Conduct of Business Rulebook• Controls Rulebook• Individuals Rulebook• Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook.3 Commencement
This notice comes into effect on 24 November 2008 and remains in effect until revoked or withdrawn.4 Conditions
This notice is given on the condition that Qatar Insurance Services LLC limits its activities to the activity of making or agreeing to make arrangements with a view to another person buying or selling a contract of insurance or reinsurance (in accordance with the description of the proposed activities of Qatar Insurance Services LLC during Release 1a of its operations) as outlined in the Business Plan incorporated in the Application Documents filed by Qatar Insurance Services LLC with the QFCRA.5 Interpretation
The schedules are to be interpreted as if their provisions were provisions of the QFC Regulatory Authority Rulebooks.This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 November 2008
Schedule 1 Modifications
Part 1.1 Conduct of Business Rulebook (COND)
[1.1] Rule 2.2.1(1)
substitute
(1) This rule applies in relation to anauthorised firm conducting business in or from theQFC .[1.2] Rule 2.6.1(3)
substitute
(3) anauthorised firm must, on request, give acustomer a written summary of its internal complaints handling procedure.Part 1.2 Controls Rulebook (CTRL)
[1.3] Section 4.10
substitute
4.10.1 Anauthorised firm carrying oninsurance mediation business must take out and maintain professional indemnity insurance that makes provision for the following minimum indemnity limits per year:(A) for a single claim, US$ 125,000; and(B) US$ 250,000 in total or, if higher, 10% of annual income up to US$ 5 million.Part 1.3 Interpretation and Application Rulebook (INAP)
[1.4] Chapter 3, glossary, definition of customer, (2)
substitute
(2) For all other purposes, aretail customer , acommercial customer , abusiness customer or amarket counterparty .[1.5] Chapter 3, glossary, definition of eligible third party
substitute
A
person (other than aneligible bank ) that is anauthorised firm , or in relation to whom all of the following requirements are satisfied@(a) theperson is authorised (however described) under the law of ajurisdiction outside theQFC to carry on eitherinsurance business orinsurance mediation business ;(b) theperson is regulated by anoverseas regulator in thejurisdiction ; and(c) theRegulatory Authority has not, by notice, declared that this definition does not apply to thejurisdiction .Part 1.4 Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook (PIIB)
[1.6] Rule 2.3.1
substitute
2.3.1 Anauthorised firm's capital requirement is the applicablebase capital requirement as set out in section 2.4.[1.7] Rule 2.8.1
substitute
2.8.1 In the calculation of itscapital resources , andauthorised firm must:(A) excludetier two capital to the extent that it exceeds 2/3rds oftier one capital after deductions; and(B) excludelower tier two capital to the extent that it exceeds 50% oftier one capital .Schedule 2 Provisions waived
Part 2.1 Conduct of Business Rulebook (COND)
[2.1] Rule 2.1.2
[2.2] Rules 2.2.2 to 2.2.8
[2.3] Part 2.3
[2.4] Rule 2.5.1 (3)
[2.5] Rule 2.5.2
[2.6] Rule 2.5.3
[2.7] Rule 2.5.7
[2.8] Rule 2.5.8
[2.9] Rule 2.5.9
[2.10] Rule 2.5.10 (2)
[2.11] Rule 2.6.1 (2)
[2.12] Rule 2.6.2
[2.13] Rule 2.6.4
[2.14] Rule 2.6.5 (2)
[2.15] Rule 2.6.6
[2.16] Chapter 5
[2.17] Chapter 8
Part 2.2 Individuals Rulebook (INDI)
[2.18] Rule 2.1.10
Part 2.3 Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook (PIIB)
[2.19] Rule 2.2.3
[2.20] Rule 2.3.2
[2.21] Rules 2.5.1 to 2.5.5
[2.22] Rules 2.8.2 to 2.8.6
W0034/08 – Nexus Financial Services WLL
NOTICE OF RULE WAIVER
Firm Nexus Financial Services WLL Address Regus Business Centre, Building 81, Street 250, D Ring Road, Al Mataar Al Qadeem District, Doha, Qatar QFC No. 00099 Notice No. W 0034/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 30 November 2008 and remains in effect until revoked.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Nexus Financial Services WLL ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due;(B) Nexus Financial Services WLL provides a quarterly statement of capital to the QFC Regulatory Authority and, further, informs the Authority immediately should its capital fall below the Authority's minimum requirements; and(C) Nexus Financial Services WLL provides an annual statement from its auditors that QFC Regulatory Authority capital requirements have not been breached during the year.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer30 November 2008
W0035/08 – Mitsui Sumitomo Insurance Company (Europe) Limited
NOTICE OF RULE WAIVER
Firm Mitsui Sumitomo Insurance Company (Europe) Limited Address QFC Tower, Qatar Financial Business Centre, Office 6, 1st Floor QFC No. 00101 Notice No. W 0035/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 17th December, 2008 and expires on 16th June, 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Mitsui Sumitomo Insurance Company (Europe) Limited spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer17th December 2008
W0036/08 – Coutts & Co
NOTICE OF RULE WAIVER
Firm Coutts & Co Address Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00084 Notice No. W 0036/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 4 January 2008 and expires on 28 May 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the approved individual carrying out the Money Laundering Reporting Function for Coutts & Co spends an appropriate amount of time in the State at the QFC Authorised Firm carrying out the function.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer4 January 2008
W0001/09 – The Bank of Tokyo-Mitsubishi UFJ, Ltd
NOTICE OF RULE WAIVER
Firm The Bank of Tokyo-Mitsubishi UFJ, Ltd Address Links Group of Companies, Al Mirqab Tower, PO Box 24863
Doha, QatarQFC No. 00103 Notice No. W 0001/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 15 January 2009 and remains in effect until revoked.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that The Bank of Tokyo-Mitsubishi UFJ, Ltd ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer15 January 2009
W0002/09 – Bank of Tokyo-Mitsubishi UFJ, Ltd
NOTICE OF RULE WAIVER
Firm The Bank of Tokyo-Mitsubishi UFJ, Ltd Address Links Group of Companies, Al Mirqab Tower, PO Box 24863
Doha, QatarQFC No. 00103 Notice No. W 0002/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 15 January 2009 and expires on 15 July 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the approved individual carrying out the Money Laundering Reporting Function for The Bank of Tokyo-Mitsubishi UFJ, Ltd spends an appropriate amount of time in the State at the QFC Authorised Firm carrying out the function.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer15 January 2009
W0003/09 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower,
Diplomatic Area, West Bay, Doha, QatarQFC No. 00049 Notice No. W 0003/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 25 January 2009 and expires on 31 March 2009.
RULES WAIVED
Rules 2.2.1 (A) of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Senior Executive Function (SEF) for TAIB Bank LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the SEF entails; and(B) TAIB Bank LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the SEF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer25 January 2009
W0004/09 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address TAIB Tower, Diplomatic Area, P.O. Box 20485, Manama Bahrain QFC No. 00043 Notice No. W 0004/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 25 January 2009 and remains in effect until 31 March 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for TAIB Bank LLC spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) TAIB Bank LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer25 January 2009
W0005/09 – Samba Financial Group
NOTICE OF RULE WAIVER
Firm Samba Financial Group Address Office 03, 1st Floor Business Centre, QFC Tower, Diplomatic Area, Westbay, Doha, Qatar QFC No. 00081 Notice No. W 0005/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 February 2009 and remains in effect until 31 May 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Samba Financial Group spends an appropriate portion of his time in the State having regard to the responsibilities that the MLRF entails; and(B) Samba Financial Group does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 February 2009
W0006/09 – EFG-Hermes Qatar LLC
NOTICE OF RULE WAIVER
Firm EFG-Hermes Qatar LLC Address Office 1103, 11th Floor, Ministry of Economy and Commerce Building, West bay, Doha QFC No. 00069 Notice No. W 0006/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 10 February 2009 and expires on 9 August 2009, unless revoked earlier.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for EFG-Hermes Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer10 February 2009
W0007/09 – Aon Qatar LLC
NOTICE OF RULE WAIVER
Firm Aon Qatar LLC Address MEC Building, 12th Floor, Office 1201D, West Bay, Doha, Qatar QFC No. 00086 Notice No. W 0007/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 10 February 2009 and expires on 21 April 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Aon Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails; and(B) Aon Qatar LLC does not commence any Regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer10 February 2009
W0008/09 – Religare Hichens Harrison
NOTICE OF RULE WAIVER
Firm Religare Hichens Harrison Address QFC Business Center, Level 1, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00090 Notice No. W 0008/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 16 February 2009 and, unless revoked earlier, expires on 16 August 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook.
CONDITIONS
This notice is given on the conditions that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Religare Hichens Harrison spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer15 February 2009
W0009/09 – Marsh Qatar LLC
NOTICE OF RULE WAIVER
Firm Marsh Qatar LLC Address Office 401, 4th Floor, Qatar Financial Centre, West Bay, Doha, Qatar QFC No. 00085 Notice No. W 0009/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 16 February 2009 and, unless revoked earlier, expires on 31 July 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the conditions that the approved individual carrying out the Money Laundering Reporting Function for Marsh Qatar LLC spends an appropriate amount of time in the State at the QFC Authorised Firm carrying out the function.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer16 February 2009
W0010/09 – Beltone Financial Qatar LLC (Expired)
NOTICE OF RULE WAIVER
Firm Beltone Financial Qatar LLC Address QFC Business Centre, Office 01, 1st Floor, QFC Tower. QFC No. 00085 Notice No. W 0010/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5 March 2009 and, unless revoked earlier, expires on 31 May 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Beltone Financial Qatar LLC spends an appropriate portion of his time in the State of Qatar having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer5 March 2009
W0011/09 – UBS AG — Qatar Financial Centre Branch
NOTICE OF RULE WAIVER
Firm UBS AG — Qatar Financial Centre Branch Address Regus Building, D Ring Road, Al Mataar Al Qadeem District, Po Box 32522, Doha Qatar. QFC No. 00087 Notice No. W 0011/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5 March 2009 and, unless revoked earlier, expires on 31 July 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that: the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for UBS AG — Qatar Financial Centre Branch spends an appropriate portion of his time in the State of Qatar having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer5 March 2009
W0012/09 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0012/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 9 April 2009 and remains in effect until 30 September 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for TAIB Bank Qatar LLC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails; and(B) TAIB Bank Qatar LLC does not commence any regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the MLRF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 April 2009
W0013/09 – TAIB Bank Qatar LLC
NOTICE OF RULE WAIVER
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0013/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 9 April 2009 and remains in effect until 30 September 2009.
RULES WAIVED
Rules 2.2.1(A) of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the following conditions:
(A) the Approved Individual carrying out the Senior Executive Function (SEF) for TAIB Bank Qatar LLC must spend an appropriate portion of time in the State having regard to the responsibilities the SEF entails; and(B) TAIB Bank Qatar LLC does not commence any regulated Activities in or from the Qatar Financial Centre until it has appointed an Approved Individual carrying out the SEF who is resident in the State.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 April 2009
W0014/09 – Aon Qatar LLC
NOTICE OF RULE WAIVER
Firm Aon Qatar LLC Address MEC Building, 12th Floor, Office 1201D, West Bay, Doha, Qatar QFC No. 00086 Notice No. W 0014/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 14 May 2009 and expires on 30 November 2009.
RULES WAIVED
Rules 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laudering Reporting Function (MLRF) for Aon Qatar LLC spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer14 May 2009
W0015/09 – Coutts & Co
NOTICE OF RULE WAIVER
Firm Coutts & Co Address Level 12, Qatar Financial Centre Tower, West Bay, Doha, PO Box 23245, Qatar QFC No. 00084 Notice No. W 0015/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 29 May 2009 and expires on 30 November 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook
CONDITIONS
This notice is given on the following conditions the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Coutts & Co spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 May 2009
W0016/09 – Beltone Financial Qatar LLC
NOTICE OF RULE WAIVER
Firm Beltone Financial Qatar LLC Address Office 819, Level 8, Al Fardan Office Tower, West Bay, PO Box 23959, Doha, Qatar QFC No. 00082 Notice No. W 0016/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 June 2009 and, unless revoked earlier, expires on 30 November 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Beltone Financial Qatar LLC spends an appropriate portion of his time in the State of Qatar having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application RuJebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 May 2009
W0017/09 – Nomura International Plc, Qatar Financial Centre Branch
NOTICE OF RULE WAIVER
Firm Nomura International Plc, Qatar Financial Centre Branch Address QFC Tower, Office 804, 8th Floor, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00106 Notice No. W 0017/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28 May 2009 and expires on 30 November 2009.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the approved individual carrying out the Money Laudering Reporting Function (MLRF) for Nomura International Plc, Qatar Financial Centre Branch, spends an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28 May 2009
W0018/09 – Nomura International Plc, Qatar Financial Centre Branch
NOTICE OF RULE WAIVER
Firm Nomura International plc, Qatar Financial Centre Branch Address QFC Tower, Office 804, 8th Floor, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00106 Notice No. W 0018/09 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 28 May 2009 and remains in effect until revoked.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Nomura International Plc ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer28 May 2009
W0019/09 – QInvest Partners LLC
NOTICE OF WAIVER
Firm QInvest Partners LLC Address Sheikh Khalid Bin Hamad Al Thani Commercial Building
Al Sadd Street, Doha, QatarQFC No. 00107 Notice No. W 0019/09 Anti Money Laundering Regulation 2005, article 5
Financial Services Regulations, article 16 (1) (B)1 Waiver
(1) The following provision of the Anti Money Laundering Regulations 2005 does not apply in relation to the firm:• Part 2 (Anti money laundering in the QFC).(2) The Anti Money Laundering Rulebook (AMLR) does not apply to the firm.Commencement
This notice commences on the date of this notice.
3 Conditions
This notice is subject to the following conditions:
(a) QInvest LLC (QFC No. 00048) establishes and maintains effective policies, procedures, systems and controls to prevent opportunities for money laundering in relation to —(i) QInvest Capital LP; and(ii) QInvest LLC's activities (including activities in relation to the firm and QInvest Capital LP);(b) the firm and QInvest Capital LP agree with QInvest LLC to be bound by those policies, procedures, systems and controls;(c) the firm, QInvest Capital LP and QInvest LLC comply with those policies, procedures, systems and control.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 14 June 2009W0021/09 – Samba Financial Group
NOTICE OF WAIVER
Firm Samba Financial Group Address Office 03, 1st Floor, Business Centre, QFC Tower, Diplomatic Area, West Bay, Qatar. QFC No. 00081 Notice No. W 0021/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 30 November 2009.
3 Conditions
This notice is subject to the following conditions:
(a) the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function;(b) the firm does not conduct any regulated activities in or from the QFC until it has appointed an approved individual who is resident in Qatar to exercise the money laundering reporting function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 21.06.2009W0022/09 – Mitsui Sumitomo Insurance Company (Europe) Limited
NOTICE OF RULE WAIVER
Firm Mitsui Sumitomo Insurance Company (Europe) Limited Address QFC Tower, Qatar Financial Centre QFC No. 00101 Notice No. W 0022/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 December 2009.
3 Conditions
This notice is subject to the following conditions:
(a) the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function;4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 23.06.2009W0023/09 – ICICI Bank Limited
NOTICE OF RULE WAIVER
Firm ICICI Bank Limited Address ICICI Bank Limited Office 1101, 11th Floor QFC Tower PO Box 24708 Diplomatic Area, West Bay Qatar QFC No. 00041 Notice No. W 0023/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 December 2009.
3 Condition
This notice is subject to the following condition:
(a) the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 05 July 2009W0024/09 – The Bank of Tokyo — Mitsubishi UFJ, Ltd.
NOTICE OF RULE WAIVER
Firm The Bank of Tokyo — Mitsubishi UFJ, Ltd. Address Office # 10, Ground Floor, Al Mirqab Tower, Corniche P.O. Box 24863 Doha Qatar QFC No. 000103 Notice No. W 0024/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on 16 July 2009 and, unless revoked earlier, expires on 31 January 2010.
3 Condition
This notice is subject to the following condition:
(a) the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 9 July 2009W0026/09 – UBS AG
NOTICE OF RULE WAIVER
Firm UBS AG Address Regus Building, D Ring Road, Al Mataar Al Qadeem District, PO Box 32522, Doha, Qatar. QFC No. 00087 Notice No. W 0026/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on 1 August 2009 and, unless revoked earlier, expires on 31 January 2010.
3 Condition
This notice is subject to the following condition:
(a) the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 23 July 2009W0027/09 – Kuwait Financial Centre S.A.K
Firm Kuwait Financial Centre S.A.K Address DLA, PIPER Middle East LLP, PO Box 25800, Level 11, Alfardan Office Tower, West Bay, Doha, Qatar QFC No. 00009 Notice No. W0027/09 Anti Money Laundering Regulations 2005, article 5
Financial Services Regulations, articles 16 (1) (A) and (B) and 31Part 1 Introductory
1 Background
The firm has, by written notice to the Regulatory Authority —
(a) informed the authority that it wishes to suspend the conduct of its regulated activities in or from the QFC for a limited period, but retain its authorisation; and(b) confirmed that it has been provided an appropriate opportunity to make representations about the imposition of the condition imposed on its authorisation, and the requirements imposed on it, by this notice; and(c) requested the imposition of the condition and requirements; and(d) requested the making of the waivers and modifications made by this notice.Part 2 Dormancy
2 Authorisation condition and dormancy requirements
(1) The firm's authorisation is subject to the condition that the firm must not conduct regulated activities in or from the QFC while this notice is in force.(2) The firm must comply with the requirements mentioned in schedule 1.Part 3 Waivers and modifications
3 Waiver — AML Regulations
The Anti Money Laundering Regulations 2005 does not apply in relation to the firm.
4 Waiver-Regulatory Authority rules
The following rules do not apply in relation to the firm;
• Anti Money Laundering Rulebook (AMLR)• Assets Rulebook (ASET)• Collective Investment Funds Rulebook (COLL)• Conduct of Business Rulebook (COND)• Controls Rulebook (CTRL)• Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook (PIIB)• Principles Rulebook (PRIN).5 Modifications — INDI
The Individuals Rulebook (INDI) applies to the firm with the modifications mentioned in schedule 2.
6 Condition of waivers and modifications
Sections 3 to 5 are subject to the condition that the firm must not conduct regulated activities in or from the QFC while this notice is in force.
7 Revocation of existing waiver
Waiver notice No. W 0006/06 is revoked.
Part 4 General
8 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires 12 months after that date.
9 Interpretation
The Interpretation and Application Ruiebook (INAP) applies to this notice as if its provisions were provisions of a ralebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 12 August 2009
Schedule 1 Dormacy requirements
1.1 Business activities not conducted in or from QFC
(1) The firm must not represent, or act in a way that could reasonably be taken to represent, that it is conducting business activities in or from the QFC.(2) In conducting any business activities in Qatar otherwise than in or from the QFC, the firm must take all reasonable steps to ensure that any person with whom it deals is aware that the business activities are not being conducted in or from the QFC.1.2 Information for clients etc
(1) The firm must take appropriate steps, satisfactory to the Regulatory Authority, to tell clients and relevant third parties —(a) that it has suspended the conduct of its regulated activities in or from the QFC for a limited period; and(b) how it may be contacted in the QFC and elsewhere by clients and third parties; and(c) how documents may be served on it in the QFC and elsewhere.(2) The firm must make appropriate arrangements, satisfactory to the Regulatory Authority, about —(a) the redirection of mail and other communications to it at the QFC; and(b) the keeping, and availability, of documents related to regulated activities that it had conducted in or from the QFC; and(c) the service of documents on it in the QFC.1.3 Relations with Regulatory Authority
(1) The firm must —(a) continue to deal with the Regulatory Authority in an open and cooperative way; and(b) keep the authority fully and promptly informed of anything relating to the firm of which the authority would reasonably expect notice.(2) Without limiting subsection (1), the firm must keep the Regulatory Authority fully and promptly informed of its plans to resume conducting regulated activities in or from the QFC and of any changes to those plans.
Schedule 2 Modifications of Individual Rulebook (INDI)
[2.1] Rules 2.1.3 to 2.1.11
omit
[2.2] Section 2.2 (Additional requirements for specific controlled functions)
omit
[2.3] Rules 2.3.1 to 2.3.4
substitute
2.3.1 An authorised firm must have an individual registered to carry on the senior executive function.
[2.4] Sections 3.1 to 3.4
substitute
3.1 Application to register as an approved individual
3.1.1 An application to register as an approved individual must be made in writing on the relevant QFC Form, signed by the individual who will be performing the controlled function and a director of the authorised firm.
Note An application fee is payable as provided in GENE, ch 10 and app 4.
3.2 Application for modification of approved individual status
3.2.1 An application to modify an individual's registration as an approved individual must be made in writing on the relevant QFC Form, signed by the individual performing the controlled function and a director of the authorised firm, indicating clearly any matters which have changed since the original application.
3.3 Application for withdrawal of approved individual status
3.3.1 An application to withdraw an individual's registration as an approved individual must be made in writing on the relevant QFC Form and signed by a director of the authorised firm.
3.3.2 If an individual in respect of whom an authorised firm makes an application for withdrawal under rule 3.3.1 has been dismissed, suspended or is under investigation by the firm, the firm must indicate this fact on the form and provide details of any matters of which it is aware that may impact on the Regulatory Authority's assessment of the relevant individual' s fitness and propriety.
[2.5] Section 6.2 (Temporary Cover )
omit
W0028/09 – Marsh Qatar LLC
NOTICE OF RULE WAIVER
Firm Marsh Qatar LLC Address Office 401, 4th Floor, Qatar Financial Centre, West Bay, Doha, Qatar QFC No. 00085 Notice No. W 0028/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 December 2009.
3 Condition
This notice is subject to the following condition:
(a) the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 19/08/09W0029/09 – Religare Hichens, Harrison PLC
NOTICE OF RULE WAIVER
Firm Religare Hichens, Harrison PLC Address Office 820, Alfardan Tower, 8th Floor PO Box 31316, West Bay, Doha, Qatar QFC No. 00090 Notice No. W 0029/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the 17 August and, unless revoked earlier, expires on 28 February 2010.
3 Condition
This notice is subject to the following condition:
• the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 19/08/09W0030/09 – Pacific Star Doha LLC
NOTICE OF RULE WAIVER
Firm Pacific Star Doha LLC Address Regus Building, Al Fardan Office Tower, 61, Office No. 944 and 920, Al Fundug St, Po. Box 31316, West Bay, Doha Qatar QFC No. 00111 Notice No. W 0030/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the 17 August and, unless revoked earlier, expires on 28 February 2010.
3 Condition
This notice is subject to the following condition:
• the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 27th August 2009W0031/09 – CORECAP MERCHANT BANK LLC
NOTICE OF RULE WAIVER
Firm CORECAP MERCHANT BANK LLC Address Qatar Financial Centre, Office 703, 7th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00059 Notice No. W 0031/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 March 2010.
3 Condition
This notice is subject to the following condition:
• the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 16.9.09W0032/09 – Zurich International Life Limited
NOTICE OF RULE WAIVER
Firm Zurich International Life Limited Address Office 404, 4th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00067 Notice No. W 0032/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 March 2010.
3 Condition
This notice is subject to the following condition:
• the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 27 September 2009W0033/09 – Nexus Financial Services WLL
WAIVER NOTICE
Firm Nexus Financial Services Wll Address Office 201, Regus Building Centre, Building No. 81, Street No. 250, D Ring Road, Doha, Qatar QFC No. 00099 Notice No. W 0033/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.22 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 January 2010.
3 Condition
This notice is given subject to the condition that the approved individual exercising the money laundering reposting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 6 October 2009W0035/09 – TAIB Bank Qatar LLC
WAIVER NOTICE
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0035/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires 3 months after that date.
3 Conditions
This notice is given subject to the following conditions:
• the approved individual exercising the money laundering reporting function for the firm spend an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function;• the firm does not conduct any regulated activities in or from the QFC unless it has an approved individual who is ordinarily resident in Qatar registered to exercise the money laundering reporting function for it.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 18 October 2009W0036/09 – TAIB Bank Qatar LLC
WAIVER NOTICE
Firm TAIB Bank Qatar LLC Address Qatar Financial Centre, Office 503, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00049 Notice No. W 0036/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.1 (A).2 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires 3 months after that date.
3 Conditions
This notice is given subject to the following conditions:
• the approved individual exercising the senior executive function for the firm must spend an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function;• the firm does not conduct any regulated activities in or from the QFC unless it has an approved individual who is ordinarily resident in Qatar registered to exercise the senior executive function for it.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 18 October 2009W0037/09 – Guardian Wealth Management Qatar LLC
WAIVER NOTICE
Firm Guardian Wealth Management Qatar LLC Address Qatar Financial Centre, The Business Centre, 1st floor QFC Tower, West Bay, Doha QFC No. 00113 Notice No. W 0037/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires 4 months after that date.
3 Conditions
This notice is given subject to the following conditions:
• the approved individual exercising the money laundering reporting function for the firm must spend an appropriate amount of time (having regard to the responsibilities of the function) exercising the function;• the approved individual exercising the money laundering reporting function for the firm must be ordinarily resident in Qatar not later than 3 months after the day the firm becomes operational.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 20 October 2009W0039/09 – Rothschild (Qatar) LLC
WAIVER NOTICE
Firm Rothschild (Qatar) LLC Address Qatar Financial Centre, The Business Centre, 1st Floor QFC Tower, P.O. Box 23245, West Bay, Doha QFC No. 00116 Notice No. W 0039/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on the date it is signed and, unless revoked earlier, expires on 31 May 2010.
3 Condition
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 18th November 2009W0040/09 – Samba Financial Group
WAIVER NOTICE
Firm Samba Financial Group Address Office 03, 1st Floor Business Centre, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00081 Notice No. W 0040/09 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on 1 December 2009 and, unless revoked earlier, expires on 31 March 2010.
3 Conditions
This notice is given subject to the following conditions:
• the approved individual exercising the money laundering reporting function for the firm spend an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function; and• the firm does not conduct any regulated activities in or from the QFC unless it has an approved individual who is ordinarily resident in Qatar registered to exercise the money laundering reporting function for it.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of a rulebook made under the Financial Services Regulations.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 22 November 2009W0042/09 – Marsh Qatar LLC
MODIFICATION NOTICE
Firm Marsh Qatar LLC Address Qatar Financial Centre, Office 401, 4th Floor, QFC Tower Diplomatic Area, West Bay, Doha, Qatar QFC No. 00085 Notice No. W 0042/09 Financial Service Regulations, article 16(1)(A)
1 Modifications
The Assets Rulebook (ASET) applies to the firm with the modifications mentioned in schedule 1.
2 Commencement
This notice commences on the date it is signed and remains in effect until revoked.
3 Conditions
None.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 3 December 2009
Schedule 1 Modifications of Assets Rulebook
[1.1] After rule 7.3.1
insert
7.3.1A Other uses for insurance bank accounts
(1) This rule applies if an authorised firm has told a client in writin (whether through the terms of business of the firm for the client or otherwise) that —(a) the firm may pay money owing under insurance mediation business transactions (insurance mediation money to an FSA authorised broker; and(b) the legal and regulatory regime applying to FSA authorised brokers is different from that applying to authorised firms in the QFC; and(c) if the FSA authorised broker fails, the insurance mediation money may be treated in a way different from the way it would be treated if the money were held by an authorised firm in the QFC; and(d) the client may, by written notice, tell the firm that it does not wish any insurance mediation money to be paid to the FSA authorised broker.(2) Despite rule 7.3.1(1)(F)(iii), and insurance bank account may be used for the payment of insurance mediation money to an FSA authorised broker if —(a) the payment is for the purpose of entering, on behalf of the client, into an insurance contract with an FSA authorised insurer; and(b) the client has not given notice to the authorised firm that the client does not wish insurance mediation money to be paid to an FSA authorised broker; and(c) the authorised firm has conducted an appropriate assessment of the FSA authorised broker, having regard to —(i) the broker's capital and financial resources; and(ii) the regulatory and insolvency regimes in the United Kingdom; and(iii) the broker's reputation, regulatory status and history; and(iv) the members of the broker's group and their activities; and(v) any other relevant circumstances; and(d) based on the assessment, the authorised firm is satisfied that the FSA authorised broker is a suitable person to whom the insurance mediation money may be paid; and(e) there is a written agreement between the authorised firm and the FSA authorised broker confirming that —(i) the fiduciary duties owed to the firm's client are the same as those that would be owed to the client if the firm were incorporated and domiciled in the United Kingdom; and(ii) any insurance mediation money paid to the broker will be held in trust by the broker for the client; and(iii) the broker will not offset the insurance mediation money against any other liabilities of the broker; and(iv) insurance mediation money paid to the broker will be dealt with by the broker in accordance with applicable client money rules in the FSA's Client Assets Sourcebook (CASS); and(v) the insurance mediation money will be paid by the broker to an FSA authorised insurer; and(f) the authorised firm has appropriate systems and procedures to ensure that the money is paid by the FSA authorised broker to the FSA authorised insurer and that the broker continues to be a suitable person to whom the insurance mediation money may be paid.(3) For this rule:
FSA means the United Kingdom Financial Services Authority.
FSA authorised, in relation to a broker or insurer, means the broker or insurer is —(a) domiciled in the United Kingdom; and(b) authorised and regulated by the FSA.W0002/10 – Union National Bank
WAIVER NOTICE
Firm Union National Bank Address PO Box 27270, Suites C & D, Ground Floor
Doha, QatarQFC No. 00075 Notice No. W 0002/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 12.04.2010W0003/10 – UBS AG
WAIVER NOTICE
Firm UBS AG Address UBS AG QFC Branch, Regus Building, Qatar QFC No. 00087 Notice No. W 0003/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 19 April 2010W0004/10 – Nexus Financial Services WLL
WAIVER NOTICE
Firm Nexus Financial Services WLL Address Office 201, Regus Building Centre, Street No. 250, D Ring Road, Al Mataar Al Qadeem District, Doha, Qatar QFC No. 00099 Notice No. W 0004/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 (AML/CFT Rules) does no apply in relation to the firm:
• Rule(s) 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 16 May 2010W0006/10 – Coutts & Co
WAIVER NOTICE
Firm Coutts & Co Address Qatar Financial Centre Tower, Office 1201, 12th Floor, PO Box 23245, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00084 Notice No. W 0006/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 (AML/CFT Rules) does not apply in relation to the firm:
• Rule(s) 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 30 May 2010W0007/10 – Rothschild Qatar LLC
WAIVER NOTICE
Firm Rothschild Qatar LLC Address Rothschild (Qatar) Limited, Office No. 2, 1st Floor, Business Centre, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00116 Notice No. W 0007/10 Financial Service Regulations, article 16(1)(A) and (B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 (AML/CFT Rules) does not apply in relation to the firm:
• Rule(s) 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 1 June 2010W0008/10 – Guardian Wealth Management Qatar LLC
WAIVER NOTICE
Firm Guardian Wealth Management Qatar LLC Address Qatar Financial Centre Tower 1, Office 503, 5th Floor, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00113 Notice No. W 0008/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 (AML/CFT Rules) does not apply in relation to the firm:
• Rule(s) 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Michael Ryan
Deputy Chief Executive Officer
Date: 20 June 2010W0009/10 – Nomura International plc, Qatar Financial Center Branch
WAIVER NOTICE
Firm Nomura International plc, Qatar Financial Center Branch Address QFC Tower
Level 8, Office 804,
Diplomatic Area, West Bay
Doha, QatarQFC No. 00106 Notice No. W 0009/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 12 July 2010W0010/10 – Credit Agricole Suisse (Qatar) LLC
WAIVER NOTICE
Firm Credit Agricole Suisse (Qatar) LLC Address Qatar Financial Centre
Office 504, 5th Floor
QFC Tower, Diplomatic Area, West Bay
Doha, QatarQFC No. 00044 Notice No. W 0010/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 12 July 2010W0011/10 – Zurich International Life Limited
WAIVER NOTICE
Firm Zurich International Life Limited Address Qatar Financial Centre
QFC Tower, Office 404, 4th Floor
Diplomatic Area, West Bay
Doha — QatarQFC No. 00067 Notice No. W 0011/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 July 2010W0012/10 – Marsh Qatar LLC
WAIVER NOTICE
Firm Marsh Qatar LLC Address Qatar Financial Centre
QFC Tower, Office 404, 4th Floor
Diplomatic Area, West Bay
Doha — QatarQFC No. 00085 Notice No. W 0012/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 21 July 2010W0013/10 – Mitsui Sumitomo Insurance Company (Europe) Ltd
WAIVER NOTICE
Firm Mitsui Sumitomo Insurance Company (Europe) Ltd Address Qatar Financial Centre
QFC Tower, Office 801, 8th Floor
Diplomatic Area, West Bay
Doha, QatarQFC No. 00101 Notice No. W 0013/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires 6 months after the day it is signed.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 21 July 2010W0014/10 – AXA Investment Managers LLC
WAIVER NOTICE
Firm AXA Investment Managers LLC Address Qatar Financial Centre, Office 603, 6th Floor, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00008 Notice No. W 0014/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 17 February 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 17 August 2010W0015/10 – Kane LLC
MODIFICATION NOTICE
Firm Kane LLC Address Kane LLC
Qatar Financial Centre
Office 2, ground floor
QFC Tower 2
Diplomatic Area, West Bay
Doha — QatarQFC No. 00121 Notice No. W 0015/10 Financial Service Regulations, article 16(1)(A)
1 Modification
The Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook (PIIB) applies to the firm with the modifications mentioned in schedule 1.
2 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
None.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Michael G Ryan
Deputy Chief Executive Officer
Date: 26 August 2010
Schedule 1
Modifications of Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook (PIIB)
[1.1] Rule 2.4.1
substitute
2.4.1 The base capital requirement for the firm is US $50,000.
[1.2] Rule 2.5.1
substitute
2.5.1 The firm must calculate its expenditure based capital minimum as 6/52 of the firm's annual audited expenditure.
W0016/10 – Kane LLC
WAIVER NOTICE
Firm Kane LLC Address Kane LLC
Qatar Financial Centre
Office 2, ground floor
QFC Tower 2
Diplomatic Area, West Bay
Doha — QatarQFC No. 00121 Notice No. W 0016/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2(2)2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires on 28 February 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 26 August 2010W0018/10 – Allianz Takaful — QFC Branch
WAIVER NOTICE
Firm Allianz Takaful — QFC Branch Address Qatar Financial Centre,
Office 6, Ground floor, Building No. 346,
C-Ring Road, Al Muntazah,
Doha, QatarQFC No. 00110 Notice No. W 0018/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2(2)2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires on 6 March 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 6 September 2010W0019/10 – Deutsche Bank AG Doha (QFC) Branch
WAIVER NOTICE
Firm Deutsche Bank AG Doha (QFC) Branch Address Qatar Financial Centre, Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0019/10 Financial Service Regulations, article 16(1)(B)
1 Modification
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2(2)2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires on 7 March 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made under the Financial Services Regulations.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2010W0020/10 – Union National Bank
WAIVER NOTICE
Firm Union National Bank Address P.O. Box 27270, Suites C & D — Ground Floor, Tornado Tower, Doha, Qatar QFC No. 00075 Notice No. W 0020/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 6 April 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 6 October 2010W0021/10 – Pacific Star Doha LLC
WAIVER NOTICE
Firm Pacific Star Doha LLC Address Regus Business Centre, Office no 944 & 920
Al Fardan Office Tower
Diplomatic Area, West Bay, Doha QatarQFC No. 00111 Notice No. W 0021/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of the Individuals Rulebook does not apply in relation to the firm:
• Rule 2.2.1(A)2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires on 10 April 2011.
3 Condition
This notice is given subject to the condition that the firm must not conduct any regulated activities while this waiver is in force.
Michael G Ryan
Deputy Chief Executive Officer
Date: 10 October 2010W0022/10 – UBS AG
WAIVER NOTICE
Firm UBS AG Address UBS AG QFC Branch, Commercialbank Plaza West Bay, Servcorp Office No. 1402,
Level 14, P.O. Box 27111, Doha, QatarQFC No. 00087 Notice No. W 0022/10 Financial Service Regulations, Article 16(1)(B)
1 Waiver
The following provisions of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 19 April 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 October 2010W0023/10 – The Royal Bank of Scotland plc
WAIVER NOTICE
Firm The Royal Bank of Scotland plc Address Qatar Financial Centre, Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00046 Notice No. W 0023/10 Financial Service Regulations, Article 16(1)(B)
1 Waiver
The following provisions of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires on 30 April 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 31 October 2010W0024/10 – Morgan Stanley & Co International PLC
WAIVER NOTICE
Firm Morgan Stanley & Co International PLC Address P.O. Box 18673, Office 501, 5th Floor, Qatar Financial Centre Tower, Doha, Qatar QFC No. 00019 Notice No. W 0024/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the firm:
• Rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 4 May 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 4 November 2010W0025/10 – EFG Hermes Qatar LLC
WAIVER NOTICE
Firm EFG Hermes Qatar LLC Address 7th Floor Al Fardan Towes (Office Tower), West Bay, PO Box 24972, Doha, Qatar QFC No. 00069 Notice No. W 0025/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the firm:
• Rule 2.3.2.22 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 22 May 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 22 November 2010W0026/10 – Goldman Sachs International
WAIVER NOTICE
Firm Goldman Sachs International Address PO Box 23245, Office 301, 6th Floor, QFC Tower, Doha, Qatar QFC No. 00053 Notice No. W 0026/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the firm:
• Rule 2.3.2.22 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 2 June 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 2 December 2010W0027/10 – Marsh Brokers Limited
WAIVER NOTICE
Firm MARSH BROKERS LIMITED Address Office no. 401, 4th Floor, QFC Tower
P.O. Box 23245
West Bay, Doha, QatarQFC No. 00093 Notice No. W 0027/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the firm:
• Rule 2.3.2.22 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 12 June 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 12 December 2010W0028/10 – Rothschild (Qatar) LLC
WAIVER NOTICE
Firm Rothschild (Qatar) LLC Address Office No. 923 & 924, Al Fardan Office Tower, P O Box 31316, West Bay, Doha, Qatar QFC No. 00116 Notice No. W 0028/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the firm:
• Rule 2.3.2.22 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 2 June 2011.
3 Condition
This notice is given subject to the condition that the Firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 2 December 2010W0029/10 – Coutts & Co
WAIVER NOTICE
Firm Coutts & Co Address Qatar Financial Centre Tower, Office 1201, 12th Floor, PO Box 23245,
Diplomatic Area, West Bay, Doha, QatarQFC No. 00084 Notice No. W 0029/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the Firm:
• Rule 2.3.2.22 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 16 June 2011.
3 Condition
The Firm's Money Laundering Reporting Officer shall spend an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 16 December 2010W0030/10 – Sumitomo Mitsui Banking Corporation
WAIVER NOTICE
Firm Sumitomo Mitsui Banking Corporation Address Qatar Financial Centre Tower, Office 1901, 19th Floor, QFC Tower, Diplomatic Area,
West Bay, Doha, QatarQFC No. 00073 Notice No. W 0030/10 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation the firm:
• Rule 2.3.2.22 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 20 June 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 20 December 2010W0001/11 – JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch
WAIVER NOTICE
Firm JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch Address Tornado Tower, Suite B, 26th floor
West Bay
Doha, QatarQFC No. 00128 Notice No. W 0001/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 5 July 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 January 2011W0002/11 – JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch
WAIVER NOTICE
Firm JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch Address Tornado Tower, Suite B, 26th floor, West Bay
Doha, QatarQFC No. 00128 Notice No. W 0002/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Interim Prudential—Investment, Insurance Mediation and Banking Business Rulebook (PIIB) do not apply in relation to the firm:
• rule 1.2.1• rules 1.3.7 to 1.3.92 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
This notice is given subject to the condition that the firm must at all times have the financial resources that are adequate for the nature, size and complexity of its business to ensure that there is no significant risk that its liabilities cannot be met as they fall due.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 January 2011W0003/11 – Crédit Agricole Suisse (Qatar) LLC
WAIVER NOTICE
Firm Crédit Agricole Suisse (Qatar) LLC Address Qatar Financial Centre, Office 504, 5th Floor, QFC Tower, P O Box 16639,
Diplomatic Area, West Bay, Doha, QatarQFC No. 00044 Notice No. W 0003/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 13 July 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 13 January 2011W0004/11 – Nomura International plc, Qatar Financial Centre Branch
WAIVER NOTICE
Firm Nomura International plc, Qatar Financial Centre Branch Address QFC Branch, QFC Tower, Level 8, Office 804, Doha, Qatar QFC No. 00106 Notice No. W 0004/11 Financial Service Regulations, articles 16(1)(A) and (B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2 (2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 13 July 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 13 January 2011W0005/11 – Zurich International Life Limited
WAIVER NOTICE
Firm Zurich International Life Limited Address Qatar Financial Centre, Office 404, 4th Floor, QFC Tower, Diplomatic Area, West Bay
Doha — QatarQFC No. 00067 Notice No. W 0005/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2 (2)2 Commencement
This notice commences on 15 January 2011 and, unless revoked earlier, expires on 15 July 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 13 January 2011W0006/11 – EMIRATES NBD PJSC
WAIVER NOTICE
Firm EMIRATES NBD PJSC Address QFC Tower, Office 602, 6th Floor, Diplomatic Area, West Bay
Doha — QatarQFC No. 00026 Notice No. W 0006/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 14 August 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 February 2011W0007/11 – AXA Investment Managers LLC
WAIVER NOTICE
Firm AXA Investment Managers LLC Address Qatar Financial Centre, Office 603, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00008 Notice No. W 0007/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 18 February 2011 and, unless revoked earlier, expires on 18 August 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 February 2011W0008/11 – Mitsui Sumitomo Insurance Company (Europe) Ltd
WAIVER NOTICE
Firm Mitsui Sumitomo Insurance Company (Europe) Ltd Address QFC Tower
Office no. 801, 8th Floor
P.O. Box 23096
West Bay, Doha
QatarQFC No. 00101 Notice No. W 0008/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 14 August 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 February 2011W0009/11 – Marsh Qatar LLC
WAIVER NOTICE
Firm Marsh Qatar LLC Address Qatar Financial Centre, Office 401, 4th Floor, QFC Tower
Diplomatic Area, West Bay
Doha — QatarQFC No. 00085 Notice No. W 0009/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 14 February 2011 and, unless revoked earlier, expires on 12 June 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 February 2011W0010/11 – Takaful International Company — QFC Branch
WAIVER NOTICE
Firm Takaful International Company — QFC Branch Address Financial Square Building, Building C21, office 2, 2nd floor, C Ring Road, Doha,
QatarQFC No. 00131 Notice No. W 0010/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 15 August 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 15 February 2011W0011/11 – CHARTIS MEMSA Insurance Company Limited
WAIVER NOTICE
Firm CHARTIS MEMSA Insurance Company Limited Address Qatar Financial Centre, Office 402, 4th Floor, QFC Tower, Diplomatic Area,
West Bay, QatarQFC No. 00035 Notice No. W 0011/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 21 August 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 21 February 2011W0012/11 – Nasco Karaoglan Qatar LLC
WAIVER NOTICE
Firm Nasco Karaoglan Qatar LLC Address Office 3, 2nd floor, Tatweer Tower, West Bay, Doha, Qatar QFC No. 00057 Notice No. W 0012/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 22 August 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 22 February 2011W0013/11 – Allianz Takaful — QFC Branch
WAIVER NOTICE
Firm Allianz Takaful — QFC Branch Address Qatar Financial Centre, Office 6, Ground Floor, Building No. 346, C-Ring Road,
Al Muntazah, Doha, Qatar, PO Box 200193QFC No. 00110 Notice No. W 0013/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provisions of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 7 March 2011 and, unless revoked earlier, expires on 7 September 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 28 February 2011W0014/11 – Beltone Financial Qatar LLC
WAIVER NOTICE
Firm Beltone Financial Qatar LLC Address Beltone Financial Qatar LLC,, Office 819, Level 8, Al Fardan Office Tower,
P.O.Box 23959, Doha, QatarQFC No. 00082 Notice No. W 0014/11 Financial Service Regulations, articles 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 7 September 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 March 2011W0015/11 – Tazur Company b.s.c. (c) — QFC Branch
WAIVER NOTICE
Firm Tazur Company b.s.c. (c) — QFC Branch Address Office 4, 2nd Floor, Tatweer Tower, P.O. Box 24716, West Bay, Doha, Qatar. QFC No. 00112 Notice No. W 0015/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 8 September 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 8 March 2011W0016/11 – Deutsche Bank AG Doha (QFC) Branch
WAIVER NOTICE
Firm Deutsche Bank AG Doha (QFC) Branch Address Qatar Financial Centre, Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0016/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 17 September 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 17 March 2011W0017/11 – The Bank of Tokyo-Mitsubishi UFJ, Ltd.
WAIVER NOTICE
Firm The Bank of Tokyo-Mitsubishi UFJ, Ltd. Address Qatar Financial Centre, Suite A3, Mezzanine Floor, Tornado Tower, West Bay,
Doha, Qatar, PO Box 23151QFC No. 00103 Notice No. W 0017/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 4 October 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 4 April 2011W0018/11 – Union National Bank
WAIVER NOTICE
Firm Union National Bank Address P.O. Box 27270, Suite C & D — Ground Floor, Tornado Tower, West Bay, Doha, Qatar QFC No. 00075 Notice No. W 0018/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 7 April 2011 and, unless revoked earlier, expires on 7 October 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 4 April 2011W0019/11 – UBS AG
WAIVER NOTICE
Firm UBS AG Address UBS AG QFC Branch, Regus Building, D Ring Road, Doha, Qatar QFC No. 00087 Notice No. W 0019/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 20 April 2011 and, unless revoked earlier, expires on 20 October 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 April 2011W0020/11 – Kane LLC
WAIVER NOTICE
Firm Kane LLC Address Almoayyed Tower, 25th Floor Seef District, PO Box 20206, Manama, Qatar QFC No. 00121 Notice No. W 0020/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 5 October 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 April 2011W0021/11 – State Bank of India
WAIVER NOTICE
Firm State Bank of India Address Office No 2, QFC Business Centre, QFC Tower 1, West Bay, Doha, Qatar QFC No. 00137 Notice No. W 0021/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Interim Prudential — Investment, Insurance Mediation and Banking Business Rulebook (PIIB) do not apply in relation to the firm:
• rule 1.2.1• rules 2.1.1 to 2.10.4• rules 4.3.1 to 4.10.2• rules 5.3.1 to 5.9.7• rules 7.3.1 to 7.4.22 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
This notice is given subject to the following conditions:
(a) the firm must at all times have financial resources that are adequate for the nature, size and complexity of its business to ensure that there is no significant risk that its liabilities cannot be met as they fall due;(b) the firm must maintain sufficient liquid financial resources to discharge the obligations incurred by the branch as they fall due;(c) the firm must inform the Regulatory Authority of any material issues that arise in the areas that are covered by the rules that are waived by this notice.Michael G Ryan
Deputy Chief Executive Officer
Date: 7 April 2011W0022/11 – Morgan Stanley & Co International PLC
WAIVER NOTICE
Firm Morgan Stanley & Co International PLC Address P.O. Box 18673, Office 501, 5th Floor, Qatar Financial Centre Tower, Doha, Qatar QFC No. 00019 Notice No. W 0022/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 5 May 2011 and unless revoked earlier, expires on 5 November 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 April 2011W0023/11 – The Royal Bank of Scotland Plc.
WAIVER NOTICE
Firm The Royal Bank of Scotland Plc. Address Qatar Financial Centre, Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar, P.O. Box 23245 QFC No. 00046 Notice No. W 0023/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 1 May 2011 and unless revoked earlier, expires on 1 November 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 April 2011W0025/11 – Goldman Sachs International
WAIVER NOTICE
Firm Goldman Sachs International Address Office 601, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00053 Notice No. W 0025/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 3 June 2011 and, unless revoked earlier, expires on 3 December 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 May 2011W0026/11 – EFG-Hermes Qatar LLC
WAIVER NOTICE
Firm EFG-Hermes Qatar LLC Address 7th Floor, Al Fardan Office Tower, Al Funduq Street, West Bay, Doha, Qatar QFC No. 00069 Notice No. W 0026/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 23 May 2011 and, unless revoked earlier, expires on 23 November 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 May 2011W0027/11 – First Gulf Bank — QFC Branch
WAIVER NOTICE
Firm First Gulf Bank — QFC Branch Address Office 505, 5th Floor, QFC Tower 2, West Bay, Doha, Qatar QFC No. 00098 Notice No. W 0027/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB) do not apply in relation to the firm:
• rule 1.2.1• rules 2.1.1 to 2.10.4• rules 4.3.1 to 4.10.2• rules 5.3.1 to 5.9.7• rules 7.3.1 to 7.4.22 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
This notice is given subject to the following conditions:
(a) the firm must at all times have financial resources that are adequate for the nature, size and complexity of its business to ensure that there is no significant risk that its liabilities cannot be met as they fall due;(b) the firm must maintain sufficient liquid financial resources to discharge the obligations incurred by the branch as they fall due;(c) the firm must inform the Regulatory Authority of any material issues that arise in the areas that are covered by the rules that are waived by this notice.Michael G Ryan
Deputy Chief Executive Officer
Date: 19 May 2011W0028/11 – Coutts & Co
WAIVER NOTICE
Firm Coutts & Co Address Qatar Financial Centre Tower, Office 1201, Level 12, Diplomatic Area, West
Bay, Doha, Qatar, P.O. Box 23245QFC No. 00084 Notice No. W 0028/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 17 June 2011 and, unless revoked earlier, expires on 17 December 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 2 June 2011W0029/11 – Rothschild Qatar LLC
Click here to view PDF Version.
Revoked by R0007/11.WAIVER NOTICE
Firm Rothschild Qatar LLC Address Rothschild (Qatar) LLC, Office No. 923 & 924. Al Fardan Office Tower, P O Box
31316, West Bay, Doha, QatarQFC No. 00116 Notice No. W 0029/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 3 June 2011 and, unless revoked earlier, expires on 3 December 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 2 June 2011W0030/11 – Tazur Company b.s.c. (c) — QFC Branch
WAIVER NOTICE
Firm Tazur Company b.s.c (c) — QFC Branch Address Office 4, 2nd Floor, Tatweer Tower, PO Box 24716, West Bay, Doha, Qatar QFC No. 00112 Notice No. W 0030/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Prudential — Insurance Rulebook (PINS) does not apply in relation to the 2010 financial year of the firm:
• rule 9.3.12 Commencement
This notice commences on the day it is signed and expires on 30 June 2011.
Michael G Ryan
Deputy Chief Executive Officer
Date: 6 June 2011W0031/11 – Sumitomo Misui Banking Corporation
WAIVER NOTICE
Firm Sumitomo Misui Banking Corporation Address Qatar Financial Centre, Office 1901, 19th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00073 Notice No. W 0031/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commence on 21 June 2011 and, unless revoked earlier, expires on 21 December 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 20 June 2011W0032/11 – Marsh Qatar LLC
WAIVER NOTICE
Firm Marsh Qatar LLC Address Office no. 401, 4th Floor. QFC Tower. P.O. Box 23245, West Bay, Doha
QatarQFC No. 00085 Notice No. W 0032/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commence on the day it is signed and, unless revoked earlier, expires on 20 December 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 20 June 2011W0033/11 – Marsh Brokers Limited
WAIVER NOTICE
Firm Marsh Brokers Limited Address Office no. 401, 4th Floor. QFC Tower. P.O. Box 23245, West Bay, Doha
QatarQFC No. 00093 Notice No. W 0033/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commence on the day it is signed and, unless revoked earlier, expires on 20 December 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 20 June 2011W0034/11 – JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch
WAIVER NOTICE
Firm JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch Address Suite B, 26th Floor, Tornado Tower, West Bay, Doha, Qatar QFC No. 00128 Notice No. W 0034/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the 6 July 2011 and, unless revoked earlier, expires on 6 January 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 July 2011W0035/11 – Zurich International Life Limited
NOTICE OF MODIFICATION AND WAIVER
Firm Zurich International Life Limited Address Qatar Financial Centre, Office 404, 4th Floor, QFC Tower, Diplomatic Area, West Bay, Doha — Qatar QFC No. 00067 Notice No. W 0035/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 16 July 2011 and, unless revoked earlier, expires on 16 October 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropiate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 13 July 2011W0036/11 – Nomura International plc, Qatar Financial Centre Branch
WAIVER NOTICE
Firm Nomura International plc, Qatar Financial Centre Branch Address Qatar Financial Centre, QFC Tower, Level 8, Office 804, QFC Tower,
Diplomatic Area, West Bay, Doha, Qatar, P.O. Box 23245QFC No. 00106 Notice No. W 0036/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 14 July 2011 and, unless revoked earlier, expires on 14 January 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropiate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
14 July 2011W0037/11 – Credit Agricole Suisse (Qatar) LLC
Click here to view PDF Version.
Revoked by R0001/12.WAIVER NOTICE
Firm Credit Agricole Suisse (Qatar) LLC Address Qatar Financial Centre, Office 504, 5th Floor, QFC Tower, Diplomatic Area,
West Bay, Doha, Qatar, P O Box 16639QFC No. 00044 Notice No. W 0037/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 14 July 2011 and, unless revoked earlier, expires on 14 January 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropiate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
14 July 2011W0039/11 – Abu Dhabi Islamic Bank — Qatar Financial Centre Branch
MODIFICATION NOTICE
Firm Abu Dhabi Islamic Bank — Qatar Financial Centre Branch Address Office No 10, QFC Business Centre, 1st Floor, QFC Tower 1, West Bay, Doha, Qatar QFC No. 000143 Notice No. W 0039/11 Financial Services Regulations, article 16(1)(A)
1 Modification
Rule 1.2.3 of the Investment and Banking Business Rules 2005 (PIIB) applies to Abu Dhabi Islamic Bank — Qatar Financial Centre Branch as if it were modified to read as follows:
1.2.3 Financial resources — general
(1) The authorised firm must at all times have financial resources of the kinds and amounts required by, and calculated in accordance with, the rules of the overseas regulator in the jurisdication in which the authorised firm has its principal place of business.(1A) As a branch of a non-QFC entity, the adequacy of the authorised firm's financial resources must be assessed by reference to the resources and liabilities of the Abu Dhabi Islamic Bank as a whole.(2) The authorised firm must also at all times have additonal financial resources that are adequate for the nature, size and complexity of its business to ensure that there is no significant risk that its liabilities cannot be met as they fall due.
Guidance
For rule 1.2.3 (2), the authorised firm's governing body should assess whether the minimum financial resources required under rule 1.2.3 (1) are adequate for the firm's business. Additional financial resources should be maintained by the firm if its governing body considers that the required minimum financial resources do not adequately reflect the risks of the firm's business.2 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
None
Michael G Ryan
Deputy Chief Executive Officer
Date: 31 July 2011W0040/11 – Emirates NBD PJSC
WAIVER NOTICE
Firm EMIRATES NBD PJSC Address Qatar Financial Centre, Office 602, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00026 Notice No. W 0040/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 15 August 2011 and, unless revoked earlier, expires on 15 February 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 August 2011W0041/11 – CHARTIS MEMSA Insurance Company Limited
WAIVER NOTICE
Firm CHARTIS MEMSA Insurance Company Limited Address Office 402, 4th Floor, QFC Tower, P.O. Box 23043, Doha, Qatar. QFC No. 00035 Notice No. W 0041/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 22 August 2011 and, unless revoked earlier, expires on 22 February 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 August 2011W0042/11 – Aon Qatar LLC
WAIVER NOTICE
Firm Aon Qatar LLC Address Qatar Financial Centre, Office 1, 2nd Floor, Tatweer Tower, West Bay, Doha —
Qatar.QFC No. 00086 Notice No. W 0042/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the date it is signed and, unless revoked earlier, expires on 14 February 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 August 2011W0043/11 – Nasco Karaoglan Qatar LLC
WAIVER NOTICE
Firm Nasco Karaoglan Qatar LLC Address Office 3, 2nd floor, Tatweer Tower, West Bay, Doha, Qatar, P.O. Box 22761 QFC No. 00057 Notice No. W 0043/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 23 August 2011 and, unless revoked earlier, expires on 23 February 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 August 2011W0044/11 – Takaful International Company — QFC Branch
WAIVER NOTICE
Firm Takaful International Company — QFC Branch Address Financial Square Building, Building C21, Office 2, 2nd Floor, C-Ring Road
DohaQFC No. 00131 Notice No. W 0044/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 16 August 2011 and, unless revoked earlier, expires on 16 February 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 August 2011W0045/11 – Deutsche Bank AG Doha (QFC) Branch
WAIVER NOTICE
Firm Deutsche Bank AG Doha (QFC) Branch Address Qatar Financial Centre, Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, QATAR. QFC No. 00032 Notice No. W 0045/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 18 September 2011 and, unless revoked earlier, expires on 18 March 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2011W0046/11 – Beltone Financial Qatar LLC
WAIVER NOTICE
Firm Beltone Financial Qatar LLC Address Beltone Financial Qatar LLC,, Office 819, Level 8, Al Fardan Office Tower, P.O.Box 23959, Doha, Qatar QFC No. 00082 Notice No. W 0046/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 8 September 2011 and, unless revoked earlier, expires on 8 March 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2011W0047/11 – Allianz Takaful — QFC Branch
WAIVER NOTICE
Firm Allianz Takaful — QFC Branch Address Office 6, Ground floor. Building No. 346, C-Ring Road, Al Muntazah, Doha,
QatarQFC No. 00110 Notice No. W 0047/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 8 September 2011 and, unless revoked earlier, expires on 8 March 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2011W0048/11 – T'azur Company b.s.c. (c) — QFC Branch
WAIVER NOTICE
Firm T'azur Company b.s.c. (c) — QFC Branch Address Office 4, 2nd floor, Tatweer Tower, PO Box 24716, West Bay, Doha, Qatar QFC No. 00112 Notice No. W 0048/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 9 September 2011 and, unless revoked earlier, expires on 9 March 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2011W0049/11 – Mitsui Sumitomo Insurance Company (Europe) Ltd
WAIVER NOTICE
Firm Mitsui Sumitomo Insurance Company (Europe) Ltd Address Qatar Financial Centre, Office 801, 8th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00101 Notice No. W 0049/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 6 March 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2011W0050/11 – The Bank of Tokyo-Mitsubishi UFJ, Ltd.
WAIVER NOTICE
Firm The Bank of Tokyo-Mitsubishi UFJ, Ltd. Address Qatar Financial Centre, Suite A3, Mezzaninne Floor, Tornado Tower, West Bay, Doha, QATAR, PO Box 23153 QFC No. 00103 Notice No. W 0050/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 5 April 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 October 2011W0051/11 – Morgan Stanley & Co International PLC
WAIVER NOTICE
Firm Morgan Stanley & Co International PLC Address P.O. Box 18673, Office 501, 5th Floor, Qatar Financial Centre Tower, Doha, Qatar QFC No. 00019 Notice No. W 0051/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 6 November 2011 and, unless revoked earlier, expires on 6 May 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 9 October 2011W0052/11 – State Street Middle East North Africa LLC
WAIVER NOTICE
Firm State Street Middle East North Africa LLC Address State Street Middle East North Africa LLC, Amwal Tower, 16th Floor, West Bay, Doha, Qatar, P.O. Box 28111 QFC No. 00088 Notice No. W 0052/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 9 October 2011 and, unless revoked earlier, expires on 9 April 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 9 October 2011W0053/11 – Union National Bank
WAIVER NOTICE
Firm Union National Bank Address P.O. Box 27270, Suites C & D — Ground Floor, Tornado Tower, Westbay, Doha, Qatar QFC No. 00075 Notice No. W 0053/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 9 January 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 9 October 2011W0054/11 – The Royal Bank of Scotland Plc.
WAIVER NOTICE
Firm The Royal Bank of Scotland Plc. Address Qatar Financial Centre, Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00046 Notice No. W 0054/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 2 November 2011 and, unless revoked earlier, expires on 2 May 2012.
3 Condition
The Firm's Money Laundering Reporting Office shall spend an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 October 2011W0055/11 – UBS AG
WAIVER NOTICE
Firm UBS AG Address Qatar Financial Centre, Office 1402 & 1403, 14th Floor, Servcorp Business Centre, Commercialbank Plaza, West Bay, Doha, Qatar QFC No. 00087 Notice No. W 0055/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 21 October 2011 and, unless revoked earlier, expires on 21 April 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 October 2011W0056/11 – Zurich International Life Limited
WAIVER NOTICE
Firm Zurich International Life Limited Address Qatar Financial Centre, Office 404, 4th Floor, QFC Tower, Diplomatic Area, West Bay, Doha — Qatar QFC No. 00067 Notice No. W 0056/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 19 April 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 October 2011W0057/11 – Kane LLC
WAIVER NOTICE
Firm Kane LLC Address Qatar Financial Centre, Office 12, First Floor, QFC Tower 1, Diplomatic Area, West Bay, Doha — Qatar QFC No. 00121 Notice No. W 0057/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 19 April 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 October 2011W0058/11 – EFG — Hermes Qatar LLC
WAIVER NOTICE
Firm EFG — Hermes Qatar LLC Address 7th Floor, Al Fardan Office Tower, Al Funduq Street, West Bay, Doha, Qatar QFC No. 00069 Notice No. W 0058/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 24 November 2011, and unless revoked earlier, expires on 24 May 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 15 November 2011W0059/11 – Goldman Sachs International
WAIVER NOTICE
Firm Goldman Sachs International Address Office 601, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00053 Notice No. W 0059/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 4 December 2011, and unless revoked earlier, expires on 4 June 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 28 November 2011W0060/11 – Coutts & Co
WAIVER NOTICE
Firm Coutts & Co Address Qatar Financial Centre Tower, Office 1201, Level 12, Diplomatic Area, West Bay, Doha, Qatar, P.O. Box 23245 QFC No. 00084 Notice No. W 0060/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 18 December 2011, and unless revoked earlier, expires on 18 June 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 1 December 2011W0061/11 – Marsh Brokers Limited
WAIVER NOTICE
Firm MARSH BROKERS LIMITED Address Qatar Financial Centre Tower, Office 401, 4th Floor, QFC Tower, Diplomatic Area, West Bay, Doha — Qatar QFC No. 00093 Notice No. W 0061/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 21 December 2011, and unless revoked earlier, expires on 21 June 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 8 December 2011W0062/11 – Marsh Qatar LLC
WAIVER NOTICE
Firm Marsh Qatar LLC Address Qatar Financial Centre Tower, Office 401, 4th Floor, QFC Tower, Diplomatic Area, West Bay, Doha — Qatar QFC No. 00085 Notice No. W 0062/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 21 December 2011, and unless revoked earlier, expires on 21 June 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 8 December 2011W0063/11 – Sumitomo Mitsui Banking Corporation
WAIVER NOTICE
Firm Sumitomo Mitsui Banking Corporation Address Qatar Financial Centre, Office 1901, 9th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00073 Notice No. W 0063/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 22 December 2011, and unless revoked earlier, expires on 22 June 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 12 December 2011W0001/12 – JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch
WAIVER NOTICE
Firm JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch Address Tornado Tower, Suite B, 26th Floor, PO Box 21364, West Bay, Doha, Qatar QFC No. 00128 Notice No. W 0001/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 7 January 2012, and unless revoked earlier, expires on 7 July 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 3 January 2012W0004/12 – Nomura International plc, Qatar Financial Centre Branch
WAIVER NOTICE
Firm Nomura International plc, Qatar Financial Centre Branch Address Qatar Financial Centre, QFC Tower, Level 8, Office 804, QFC Tower,
Diplomatic Area, West Bay, Doha, Qatar, P.O. Box 23245QFC No. 00106 Notice No. W 0004/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 22 January 2012 and, unless revoked earlier, expires on 22 July 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 22 January 2012W0005/12 – EMIRATES NBD PJSC
WAIVER NOTICE
Firm EMIRATES NBD PJSC Address Qatar Financial Centre, Office 602, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00026 Notice No. W 0005/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 16 February 2012 and, unless revoked earlier, expires on 16 August 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 15 February 2012W0006/12 – CHARTIS MEMSA Insuranc Company Limited
WAIVER NOTICE
Firm CHARTIS MEMSA Insuranc Company Limited Address Office 402, 4th Floor, QFC Tower, P.O. Box 23043, Doha, Qatar QFC No. 00035 Notice No. W 0006/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 23 February 2012 and, unless revoked earlier, expires on 23 August 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 19 February 2012W0007/12 – Nasco Karaoglan Qatar LLC
WAIVER NOTICE
Firm Nasco Karaoglan Qatar LLC Address Office 3, 2nd floor, Tatweer Tower, West Bay, Doha, Qatar, P.O.Box 22761 QFC No. 00057 Notice No. W 0007/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 26 February 2012, and unless revoked earlier, expires on 26 August 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 26 February 2012W0008/12 – Mitsui Sumitomo Insurance Company (Europe) Ltd
WAIVER NOTICE
Firm Mitsui Sumitomo Insurance Company (Europe) Ltd Address Qatar Financial Centre, Office 801, 8th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00101 Notice No. W 0008/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 18 September 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 18 March 2012W0009/12 – Deutsche Bank AG Doha (QFC) Branch
WAIVER NOTICE
Firm Deutsche Bank AG Doha (QFC) Branch Address Qatar Financial Centre, Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00032 Notice No. W 0009/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 21 September 2012.
3 Condition
The Firm's Money Laundering Reporting Officer shall spend an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 21 March 2012W0010/12 – Beltone Financial Qatar LLC
WAIVER NOTICE
Firm Beltone Financial Qatar LLC Address Beltone Financial Qatar LLC, Office 819, Level 8, Al Fardan Office Tower, P.O.Box 23959, Doha, Qatar. QFC No. 00082 Notice No. W 0010/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 27 September 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 27 March 2012W0011/12 – Aon Qatar LLC
WAIVER NOTICE
Firm Aon Qatar LLC Address Qatar Financial Centre, Office 1, 2nd Floor, Tatweer Tower, West Bay, Doha — Qatar QFC No. 00086 Notice No. W 0011/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 27 September 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 27 March 2012W0012/12 – State Street Middle East North Africa LLC
WAIVER NOTICE
Firm State Street Middle East North Africa LLC Address State Street Middle East North Africa LLC, Amwal Tower, 16th Floor, West Bay, Doha, Qatar, P.O. Box 28111 QFC No. 00088 Notice No. W 0012/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 10 April 2012 and, unless revoked earlier, expires on 10 October 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 28 March 2012W0013/12 – Tazur Company b.s.c (c) — QFC Branch
WAIVER NOTICE
Firm Tazur Company b.s.c. (c) — QFC Branch Address Office 4, 2nd floor, Tatweer Tower, PO Box 24716, West Bay, Doha, Qatar. QFC No. 00112 Notice No. W 0013/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 28 September 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 28 March 2012W0014/12 – The Bank of Tokyo-Mitsubishi UFJ, Ltd.
WAIVER NOTICE
Firm The Bank of Tokyo-Mitsubishi UFJ, Ltd. Address Suite A3, Mezzanine Floor, Tornado Tower, PO Box 23153, West Bay, Doha, Qatar QFC No. 00103 Notice No. W 0014/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 6 April 2012 and, unless revoked earlier, expires on 6 October 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 8 April 2012W0017/12 W0017/12 – MedGulf Allianz Takaful — QFC Branch
WAIVER NOTICE
Firm MedGulf Allianz Takaful — QFC Branch Address Qatar Financial Centre, Office 6, Ground floor, Building No. 346, C-Ring Road, Al Muntazah, P.O. Box 31316, Doha, Qatar QFC No. 00110 Notice No. W 0017/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 25 October 2012.
3 Conditions
The firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 26 April 2012W0019/12 – The Royal Bank of Scotland Plc.
WAIVER NOTICE
Firm The Royal Bank of Scotland Plc. Address Qatar Financial Centre, Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, P.O. Box 23245, Doha, Qatar. QFC No. 00046 Notice No. W 0019/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 16 November 2012.
3 Conditions
The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 17 May 2012W0020/12 – EFG-Hermes Qatar LLC
WAIVER NOTICE
Firm EFG-Hermes Qatar LLC Address 7th Floor, Al Fardan Offices Tower, West Bay, P.O. Box 24972, Doha, Qatar QFC No. 00069 Notice No. W 0020/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 25 May 2012 and, unless revoked earlier, expires on 24 November 2012.
3 Conditions
None
Michael G Ryan
Chief Executive Officer
Date: 22 May 2012W0022/12 – Coutts & Co
WAIVER NOTICE
Firm Coutts & Co Address Qatar Financial Centre Tower, Office 1201, Level 12, Diplomatic Area, West Bay, P.O. Box 23245, Doha, Qatar. QFC No. 00084 Notice No. W 0022/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 19 June 2012 and, unless revoked earlier, expires on 18 December 2012.
3 Conditions
This notice is given subject to the conditions that:
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a quarterly basis.Michael G Ryan
Chief Executive Officer
Date: 18 June 2012W0027/12 – Barclays Bank PLC
WAIVER NOTICE
Firm Barclays Bank PLC Address Qatar Financial Centre, Office 1002, 10th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar, PO Box 15891 QFC No. 00018 Notice No. W 0027/12 Financial Services Regulations, article 16
1 Waiver
The following provision of Investment and Banking Business Rules 2005 (PIIB) do not apply in relation to the firm:
• rule 1.2.3• rules 1.3.7 through 1.3.9• chapter 2• sections 4.3 through 4.10• sections 5.3 through 5.9• sections 7.3 through 7.42 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Conditions
This notice is given subject to the following conditions:
a) the firm maintains financial resources that are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; andb) the firm submits to the Regulatory Authority, on a quarterly basis, a copy of its latest United Kingdom Financial Services Authority (FSA) financial reporting statements within 10 business days after the day it is required to be given to the FSA.4 Revocation
Notice N. W 0017/10 is revoked.
Michael G Ryan
Chief Executive Officer
Date: 19 July 2012W0002/13 – ICICI Bank Limited
WAIVER NOTICE
Firm ICICI Bank Limited Address Qatar Financial Centre Office 403, 4th Floor QFC Tower Diplomatic Area, West Bay Doha - Qatar QFC No. 00041 Notice No. W 0002/13 Financial Services Regulations, Article 16(1)(B)
1 Waiver
The following provisions of Interim Prudential - Investment, Insurance Mediation & Banking Business Rulebook (PIIB) do not apply in relation to the firm:
• rule 1.2.3.(1)• rules 2.1.1 to 2.10.4• rules 4.3.1 to 4.10.2• rules 5.3.1 to 5.9.7• rules 7.3.1 to 7.4.22 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
This notice is given subject to the condition that the firm must inform the Regulatory Authority of any material issues that arise in the areas that are covered by the rules that are waived by this notice.
Michael G Ryan
Chief Executive Officer
Date: 2 April 2013W0003/13 – Aventicum Capital Management (Qatar) LLC
MODIFICATION NOTICE
Firm Aventicum Capital Management (Qatar) LLC Address 32nd Floor, Tornado Tower, Al Funduq Street, West Bay, Doha, Qatar QFC No. 00173 Notice No. W 0003/13 Financial Services Regulations, Article 16(1)(a)
1 Modification
Rule 4.5.2 of the Investment and Banking Business Rules 2005 (PIIB) applies to Aventicum Capital Management (Qatar) LLC as if it were modified to read as follows:
4.5.2 Subject to rule 3.6.1, an authorised firm must ensure that exposures (except exposures representing fees receivable or accrued) to a counterparty or to a group of closely related counterparties or to a group of connected counterparties do not exceed 25% of its capital resources.
2 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Condition
None.
Michael G Ryan
Chief Executive Officer
Date: 23 June 2013Revoked
W0006/06 – Kuwait Financial Centre S.A.K
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Revoked by W0027/09.NOTICE OF RULE WAIVER
Firm Kuwait Financial Centre S.A.K Address Office 1502, 15th Floor, MEC Building, Doha, Qatar QFC No. 00009 Notice No. W0006/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1st May 2006 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules 1.2.1, 1.3.7 through to 1.3.9 (inclusive) and 2.1.1 through to 2.10.4 (inclusive) of the Interim Prudential – Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Kuwait Financial Centre S.A.K ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, the above mentioned Person submits to the QFC Regulatory Authority a copy of their latest capital adequacy summary, within 10 working days of it being submitted to the Central Bank of Kuwait.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer1st May 2006
W0012/06 – Barclays Bank Plc
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Revoked by R0012/10.NOTICE OF RULE WAIVER
Firm Barclays Bank Plc Address Office 1505 C, 15th Floor, MEC Building, Doha, Qatar QFC No. 00018 Notice No. W0012/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 10th September 2006 and expires when revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Barclays Bank Plc must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer10th September 2006
W0014/06 – Morgan Stanley & Co International Limited
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Revoked by R0012/10.NOTICE OF RULE WAIVER
Firm Morgan Stanley & Co International Limited Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00019 Notice No. W0014/06 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 12th September 2006 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Morgan Stanley & Co International Limited must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer12th September 2006
W0019/06 – UBP (Qatar) LLC
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Revoked by R0002/10.NOTICE OF RULE WAIVER
Firm UBP (Qatar) LLC Address Qatar Financial Centre, Office 702, 7th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00021 Notice No. W 0019/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 31st October 2006 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for UBP (Qatar) must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31st October 2006
W0023/06 – AXA Insurance (Gulf) BSC
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Revoked by R0001/11.NOTICE OF RULE WAIVER
Firm AXA Insurance (Gulf) BSC Address Qatar Financial Centre, Office 604, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00024 Notice No. W 0023/06 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 19th November 2006 and remains in effect until revoked
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for AXA Insurance (Gulf) BSC must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer19th November 2006
W0001/07 – AIG MEMSA General Insurance Company Limited
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Revoked by R0003/11.NOTICE OF RULE WAIVER
Firm AIG MEMSA General Insurance Company Limited Address Office 402, 4th Floor, QFC Tower, West Bay, Doha QFC No. 00035 Notice No. W 0001/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority (QFCRA) under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 18 February 2007 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that:
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for AIG MEMSA must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer18 February 2007
W0002/07 – American Life Insurance Company ("ALICO")
Click here to view PDF Version.
Revoked by R0003/13.NOTICE OF RULE WAIVER
Firm American Life Insurance Company ("ALICO") Address Al-Emadi Business Center, Office 30, 1st Floor, C-Ring Road, PO Box 913, Doha, Qatar QFC No. 00036 Notice No. W 0002/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 26 February 2007 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for ALlCO must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 February 2007
W0004/07 – Lehman Brothers International (Europe)
Click here to view PDF Version.
Revoked by R0001/10.NOTICE OF RULE WAIVER
Firm Lehman Brothers International (Europe) Address Office No. 804, 8th Floor, QFC Tower, West Bay, Doha, Qatar QFC No. 00040 Notice No. W 0004/07 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 18 March 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Kehman Brothers International (Europe) must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expession has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0005/07 — Lehman Brothers International (Europe)
Click here to view PDF Version.
Revoked by R0001/10.NOTICE OF RULE WAIVER
Firm Lehman Brothers International (Europe) Address Office No. 804, 8th Floor, QFC Tower, West Bay, Doha, Qatar QFC No. 00040 Notice No. W 0005/07 THE QFC REGULATORY AUTHORITY HERBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 18 March 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that Lehman Brothers International (Europe) ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer18 March 2007
W0007/07 – Qatar Capital Partners LLC
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Revoked by R0004/09.NOTICE OF RULE WAIVER
Firm Qatar Capital Partners LLC Address Qatar Financial Centre, Office 1, 10th Floor, QFC Tower, Diplomatic Area, West Bay, Doha — Qatar QFC No. 00042 Notice No. W 0007/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 29 March 2007 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Qatar Capital Partners LLC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer29 March 2007
W0010/07 – Crédit Agricoie Suisse (Qatar) LLC
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Revoked by R0007/10.NOTICE OF RULE WAIVER
Firm Crédit Agricoie Suisse (Qatar) LLC Address 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00044 Notice No. W 0010/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 31 March 2007 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Crédit Agricole Suisse (Qatar) LLC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer31 March 2007
W0012/07 – The Royal Bank of Scotland plc
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Revoked by R0011/10.NOTICE OF RULE WAIVER
Firm The Royal Bank of Scotland plc Address 12th Floor (Suite 1), QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00046 Notice No. W 0012/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 4 April 2007 and remains in effect until revoked.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for The Royal Bank of Scotland plc must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer4 April 2007
W0013/07 – Global Investment House (Qatar) LLC
NOTICE OF RULE MODIFICATION
Firm Global Investment House (Qatar) LLC Address Office 1501, MEC Building Doha, Qatar QFC No. 00011 Notice No. W 0013/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 29th April 2007 and expires on 1st May 2008.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.4.1 substitute the following:
9.4.1 (1) Within four months of 31 December 2007, an Authorised Firm must:(A) have its accounts and financial statement examined and reported upon by the Authorised Firm's auditor in accordance with the requirements of the Companies Regulations or Limited Liability Partnership regulations and this chapter; and(B) file a copy of the financial statements and auditor's report with the Regulatory Authority.(2) For the purposes of subrule (1), the auditors report and financial statements must cover the period from 28 June 2006 to 31 December 2007.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issues by:
Phillip Thorpe
Chairman and Chief Executive Officer29 April 2007
W0017/07 – Lehman Brothers International (Europe)
Click here to view PDF Version.
Revoked by R0001/10.NOTICE OF RULE MODIFICATION
Firm Lehman Brothers International (Europe) Address Office 804, 8th Floor, QFC Tower, Diplomatic Area, West Bay, Doha Qatar QFC No. 00040 Notice No. W 0017/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 30 May 2007 and remains in effect until revoked or withdrawn.
RULES MODIFIED
The Prudential-Investment, Insurance Mediation and Banking rulebook (PIIB) applies to the above mentioned Person, with the following modification:
For Rule 1.5.3(5), substitute the following:
(5) In (4), the standard quarter is each of the three month periods ending on 28 February, 31 May, 31 August, and 30 November for each year.CONDITIONS
This notice is given on the condition that Lehman Brothers International (Europe) must provide quarterly returns on a specified date if required by the QFC Regulatory Authority.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive OfficerW0018/07 – Ansbacher & Co Limited
Click here to view PDF Version.
Revoked by R0002/09.NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address Ansbacher & Co Limited, Qatar Financial Centre, 11th Floor, Ministry of Economy and Commerce Building, Doha-Qatar QFC No. 00001 Notice No. W 0018/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
INDI Rule 2.2.2
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Ansbacher & Co Limited must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0021/07 – Ansbacher & Co Limited
Click here to view PDF Version.
Revoked by R0003/09.NOTICE OF RULE WAIVER
Firm Ansbacher & Co Limited Address Office 1101, 11th Floor, Ministry of Economy & Commerce Building, Diplomatic Area, West Bay. QFC No. 00001 Notice No. W 0021/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Ansbacher & Co Limited ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Ansbacher & Co Limited submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) Section D (Capital Adequacy Summary), within 10 working days of the due date to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer27 June 2007
W0022/07 – Barclays Bank Plc
Click here to view PDF Version.
Revoked by R0009/10.NOTICE OF RULE WAIVER
Firm Barclays Bank Plc Address Qatar Financial Centre, Office 1002, 10th Floor, QFC Tower, West Bay, Doha, Qatar. QFC No. 00018 Notice No. W 0022/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rules:
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) Barclays Bank Plc ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, Barclays Bank Plc submits to the QFC Regulatory Authority a copy of their latest UK Financial Services Authority's (FSA) Section D (Capital Adequacy Summary), within 10 working days of the due date to the FSA.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0024/07 – ICICI Bank Limited QFC Branch
NOTICE OF RULE WAIVER
Firm ICICI Bank Limited QFC Branch Address Office 1101, 11th Floor, QFC Tower, West Bay, Doha, Qatar QFC No. 00041 Notice No. W 0024/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements); and
2.1.1 through to 2.10.4 (inclusive) (Capital requirements)of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) ICICI Bank Limited ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, ICICI Bank Limited submits to the QFC Regulatory Authority a copy of their latest Reserve Bank of India (RBI) financial reporting statement within 10 business days after the date this is due to be submitted to the RBI.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0028/07 – Deutsche Bank AG Doha (QFC) Branch
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Revoked by R0010/10.NOTICE OF RULE WAIVER
Firm Deutsche Bank AG Doha (QFC) Branch Address Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0028/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Deutsche Bank AG Doha (QFC) Branch must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0029/07 – National Bank of Dubai PJSC
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Revoked by R0002/11.NOTICE OF RULE WAIVER
Firm National Bank of Dubai PJSC Address c/o Arab Law Bureau LLP, 15th Floor, MEC Building, Doha, Qatar, PO Box 23301 QFC No. 00026 Notice No. W 0029/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for National Bank of Dubai PJSC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0035/07 – Credit Suisse Financial Services (Qatar) LLC
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Revoked by R0006/11.NOTICE OF RULE MODIFICATION
Firm Credit Suisse Financial Services (Qatar) LLC Address Office 1202, 12th Floor, MEC Building, Diplomatic Area, West Bay, P.O. Box 24759, Doha, Qatar QFC No. 0005 Notice No. W 0035/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5 July 2007 and remains in effect until revoked or withdrawn.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.5.1 (A)(i) substitute the following:
(i) the American Institute of Certified Public Accountants in respect of conventional financial business;CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer5 July 2007
W0036/07 – Goldman Sachs International
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Revoked by R0013/10.NOTICE OF RULE WAIVER
Firm Goldman Sachs International Address Office 601, 6th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 00053 Notice No. W 0036/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 9 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI).
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Goldman Sachs International must spend an appropriate portion of his time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer9 July 2007
W0041/07 – ICICI Bank Limited
NOTICE OF RULE WAIVER
Firm ICICI Bank Limited Address 11th Floor, Qatar Financial Centre Tower, West Bay, Doha, Qatar. QFC No. 00041 Notice No. W 0041/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 July 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for ICICI Bank Limited must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 July 2007
W0044/07 – Nasco Karaoglan Qatar LLC
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Revoked by R0004/11.NOTICE OF RULE WAIVER
Firm Nasco Karaoglan Qatar LLC Address Qatar Financial Centre, Offie 1102, 11th floor, Alfardan Towers, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00044 Notice No. W 0044/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 August 2007 and remains in effect until revoked or withdrawn.
RULES WAIVED
Rule 2.2.2 of the Individuals Rulebook (INDI)
CONDITIONS
This notice is given on the condition that the Approved Individual carrying out the Money Laundering Reporting Function (MLRF) for Nasco Karaoglan Qatar LLC must spend an appropriate portion of time in the State having regard to the responsibilities the MLRF entails.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 August 2007
W0051/07 – Arab Jordan Investment Bank (Qatar) LLC
NOTICE OF RULE WAIVER
Firm Arab Jordan Investment Bank (Qatar) LLC QFC No. Level 13, QFC Tower Doha, Qatar Notice No. W 0051/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified below do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 5 December 2007 and remains in effect until 30 June 2008.
RULES WAIVED
Rule 2.2.1 (A) of the Individuals Rulebook (INDI)
CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that Fuad Suliman Diab, AI Number AI00012, also remains appointed in the Senior Executive Function and continues to be ordinarily resident in the State.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer25 November 2007
W0001/08 – Goldman Sachs International
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Revoked by R0005/09.NOTICE OF RULE MODIFICATION
Firm Goldman Sachs International Address Office 601, 6th Floor, QFC Tower Doha Qatar QFC No. 00053 Notice No. W 0001/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 15 January 2008 and remains in effect until revoked or withdrawn.
RULES MODIFIED
The Prudential — Investment, Insurance Mediation and Banking Rulebook (PIIB) applies to the above mentioned Person with the following modification.
For Rule 1.5.3(5), substitute the following:
(5) In (4), the standard quarter is each of the three month periods ending on the last Friday of each of the following calendar months of each year: February, May, August and November for each year.CONDITIONS
This notice is given on the condition that Goldman Sachs International must provide quarterly returns on a specified date if required by the QFC Regulatory Authority.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer15 January 2008
W0010/08 – Sumitomo Mitsui Banking Corporation
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Revoked by R0001/13.NOTICE OF RULE MODIFICATION
Firm Sumitomo Mitsui Banking Corporation Address Office 1504, 15th Floor, Ministry of Economy and Commerce Building, Diplomatic Area — West Bay, Doha — Qatar QFC No. 00073 Notice No. W 0010/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 8 March 2008 and remains in effect until revoked or withdrawn.
RULES MODIFIED
The Prudential — Investment, Insurance Mediation and Banking Rulebook (PIIB) applies to the above mentioned Person with the modifications made as contained in Schedule 1 to Rules 1.5.3 and A7.1.2.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer8 March 2008
SCHEDULE 1
For PIIB Rule 1.5.3, substitute the following;
Annual
(1) AnAuthorised Firm must submit to theRegulatory Authority any annual returns required by Appendix 7 within five months of theAuthorised Firm's financial year end.Biannual
(2) AnAuthorised Firm must submit to theRegulatory Authority bi-annual erturns required by Appendix 7, within three month of the end of the standard biannual period.(3) In (2), the standard bu-annual period is the six-month period ending on 30 September and 31 March of each year.Quarterly
(4) AnAuthorised Firm must submit to theRegulatory Authority quarterly returns required by Appendix 7 within two month of the end of each standard quarter.(5) In (4), the standard quarter is each of the three month periods ending on 31 March, 30 June, 30 September and 31 December of each year.FORM NAME PIIB CATEGORY 1PIIB CATEGORY 2PIIB CATEGORY 3PIIB CATEGORY 4PIIB CATEGORY 5Frequency Frequency Frequency Frequency Frequency Q101 Balance Sheet Solo
ConsolidatedA/Q
BA/Q
BA/Q
BA/Q
BN/A
N/AQ102 Islamic Authorised Firm's Balance SheetSolo
ConsolidatedN/A
N/AN/A
N/AN/A
N/AN/A
N/AA/Q
BQ103 Profit and Loss Solo
ConsolidatedA/Q
BA/Q
BA/Q
BA/Q
BN/A
N/AQ104 Islamic Authorised Firm's Profit and LossSolo
ConsolidatedN/A
N/AN/A
N/AN/A
N/AN/A
N/AA/Q
BQ105 Expenditure based capital minimum Solo N/A A/Q A/Q A/Q N/A Q106 Capital Adequacy Calculation Solo
ConsolidatedA/Q
BA/Q
BA/Q
BA/Q
BA/Q
BQ107 Large Exposures ScheduleSolo
ConsolidatedA/Q
BA/Q
BA/Q
BN/A
N/AA/Q
BQ108 Liquidity Schedule Solo Q N/A N/A N/A Q Q109 Branch Return Only 9.6 – 9.10 (inclusive) Solo Q Q Q Q Q Q110 Declaration by Authorised Firm All All All All All All W0032/08 – First Gulf Bank — QFC Branch
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Revoked by R0005/11.NOTICE OF RULE WAIVER
Firm First Gulf Bank — QFC Branch Address Office No. 1505 B Ministry of Economy and Commerce Building, Doha, Qatar. QFC No. 00098 Notice No. W 0032/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified herein do not apply to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 24 November 2008 and remains in effect until revoked or withdrawn.
RULES WAIVED
1.2.1 (Financial Resources requirement);
1.3.7 through to 1.3.9 (inclusive) (Trading Book requirements);
2.1.1 through to 2.10.4 (inclusive) (Capital requirements);of the Interim Prudential — Investment, Insurance Mediation & Banking Business Rulebook (PIIB).
CONDITIONS
This notice is given on the condition that:
(A) First Gulf Bank ensures that it maintains financial resources which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(B) on a quarterly basis, First Gulf Bank submits to the QFC Regulatory Authority a copy of its latest financial reporting statement to the Central Bank of the UAE within 10 business days after it is due to be submitted to the Central Bank of the UAE.INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer24 November 2008
W0020/09 – Nasco Karaoglan Qatar LLC
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Revoked by R0004/10.NOTICE OF MODIFICATION
Firm Nasco Karaoglan Qatar LLC Address Qatar Financial Centre, Office 1102, 11th floor, Alfardan Towers, Diplomatic Area, West Bay, Doha, Qatar. QFC No. 0044 Notice No. W 0020/09 Financial Service Regulations, article 16(1)(A)
1 Modification
The Controls Rulebook (CTRL) applies to the firm with the modifications mentioned in schedule 1.
2 Commencement
This notice commences on the date it is signed and remains in effect until revoked.
3 Conditions
None.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 21.06.2009
Schedule 1 Modifications of Controls Rulebook
[1.1] Rule 4.10.5
substitute
4.10.5
(1) An authorised firm must take out and maintain professional indemnity insurance that is at least equal to the requirements of this section.(2) Before taking out professional indemnity insurance from an insurer, the authorised firm must be satisfied, on reasonable grounds after conducting an appropriate assessment, that the insurer is a suitable person to provide the insurance to the firm.(3) The authorised firm must have systems and controls in place to ensure that the assessment remains correct.(4) In assessing the suitability of the insurer, the authorised firm must have regard to all relevant circumstances, including, for example, the following:(a) the insurer's credit rating, capital and financial resources;(b) the insurer's regulatory status and history;(c) the insurer's expertise and market reputation;(d) the regulatory and legal regimes of the jurisdiction in which the insurer is located.(5) If the insurer is not an insurer authorised to effect professional indemnity insurance in the QFC or a person of equivalent status in zone 1, the authorised firm may take out professional indemnity insurance from the insurer only if each of the following paragraphs is complied with:(a) the insurer is rated at least BBB by Standard & Poor's or the equivalent by another rating agency;(b) the firm has given written notice to the Regulatory Authority about its intention to take out the insurance from the insurer;(c) the firm has received written notice from the authority stating that it does not object to the firm taking out the insurance from the insurer.(6) If the authorised firm gives the Regulatory Authority written notice under subrule (5) (b) and, within 30 business days after the day it gives the notice, the firm does not receive written notice from the authority stating whether it objects to the firm taking out the insurance from the insurer, the firm is taken to have received written notice from the authority stating that it does not object to the firm taking out the insurance from the insurer.(7) If, at any time after the authorised firm has taken out the professional indemnity insurance from the insurer, the Regulatory Authority considers that the insurer is, or is likely to become, unsuitable to provide the insurance, the authority may, by written notice given to the firm, require the firm to cancel the insurance and take out equivalent professional indemnity insurance from another insurer in accordance with this rule.(8) If the authorised firm is given a notice under subrule (7), the firm must comply with the notice within—(a) the time stated in the notice; or(b) if the Regulatory Authority allows additional time to comply with the notice — the additional time.W0034/09 – Nexus Financial Services WLL
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Revoked by R0005/10.MODIFICATION NOTICE
Firm Nexus Financial Services WLL Address Office 201, Regus Building Centre, Building No. 81, Street No. 250, D Ring Road, Doha, Qatar QFC No. 00099 Notice No. W 0034/09 Financial Service Regulations, article 16(1)(A)
1 Modification
The Controls Rulebook (CTRL) applies to the firm with the modifications mentioned in schedule 1.
2 Commencement
This notice commences on the date it is signed and remains in effect until revoked.
3 Conditions
None.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 6 October 2009
Schedule 1 Modifications of Controls Rulebook
[1.1] Rule 4.10.5
substitute
4.10.5
(1) An authorised firm must take out and maintain professional indemnity insurance that is at least equal to the requirements of this section.(2) Before taking out or renewing a policy of professional indemnity insurance from an insurer, the authorised firm must be satisfied, on reasonable grounds after conducting an appropriate assessment, that the insurer is a suitable person to provide the insurance policy to the firm.(3) The authorised firm must have systems and controls in place to ensure that the assessment remains correct.(4) In assessing the suitability of the insurer, the authorised firm must have regard to all relevant circumstances, including, for example, the following:(a) the insurer's credit rating, capital and financial resources;(b) the insurer's regulatory status and history;(c) the insurer's expertise and market reputation;(d) the regulatory and legal regimes of the jurisdiction in which the insurer is located.(5) If the insurer is not an insurer authorised to effect professional indemnity insurance in the QFC or a person of equivalent status in zone 1, the authorised firm may take out or renew a policy of professional indemnity insurance from the insurer only if each of the following paragraphs is complied with:(a) the insurer is rated at least BBB by Standard & Poor's or the equivalent by another rating agency;(b) the firm has given written notice to the Regulatory Authority about its intention to take out or renew the insurance policy from the insurer;(c) the firm has received written notice from the authority stating that it does not object to the firm taking out or renewing the insurance policy from the insurer.(6) If the authorised firm gives the Regulatory Authority written notice under subrule (5)(b) and, within 28 business days after the day it gives the notice, the firm does not receive written notice from the authority stating that it objects to the firm taking out or renewing the insurance policy from the insurer, the firm is taken to have received written notice from the authority stating that it does not object to the firm taking out or renewing the insurance policy from the insurer.(7) If, at any time after the authorised firm has taken out or renewed the professional indemnity insurance policy from the insurer, the Regulatory Authority considers that the insurer is, or is likely to become, unsuitable to provide the insurance policy, the authority may, by written notice given to the firm, require the firm to cancel the insurance policy and take out equivalent professional indemnity insurance from another insurer in accordance with this rule.(8) If, immediately before this rule applies to the authorised firm, the firm has a professional indemnity insurance policy from an insurer that is not a person authorised to effect professional indemnity insurance in the QFC or a person of equivalent status in zone 1, the firm may maintain the insurance policy only if each of the following paragraphs is complied with:(a) the insurer is rated at least BBB by Standard & Poor's or the equivalent by another rating agency;(b) the firm has given written notice to the Regulatory Authority about its intention to maintain the insurance policy;(c) the firm has not received written notice from the authority requiring the firm to cancel the insurance policy and take out an equivalent professional indemnity insurance policy from another insurer in accordance with this rule.(9) The Regulatory Authority may give written notice mentioned in subrule (8)(c) if it considers that the insurer is, or is likely to become, unsuitable to provide the insurance policy.(10) If the authorised firm is given a notice under subrule (7) or (9), the firm must comply with the notice within —(a) the time stated in the notice; or(b) if the Regulatory Authority allows additional time to comply with the notice — the additional time.W0038/09 – Guardian Wealth Management Qatar LLC
Click here to view PDF Version.
Revoked by R0003/10.MODIFICATION NOTICE
Firm Guardian Wealth Management Qatar LLC Address Qatar Financial Centre, The Business Centre, 1st floor QFC Tower, West Bay, Doha QFC No. 00113 Notice No. W 0038/09 Financial Service Regulations, article 16(1)(A)
1 Modification
The Controls Rulebook (CTRL) applies to the firm with the modifications mentioned in schedule 1.
2 Commencement
This notice commences on the date it is signed and remains in effect until revoked.
3 Conditions
None
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 20 October 2009
Schedule 1 Modifications of Controls Rulebook
[1.1] Rule 4.10.5
substitute
4.10.5
(1) An authorised firm must take out and maintain professional indemnity insurance that is at least equal to the requirements of this section.(2) Before taking out or renewing a policy of professional indemnity insurance from an insurer, the authorised firm must be satisfied, on reasonable grounds after conducting and appropriate assessment, that the insurer is a suitable person to provide the insurance policy to the firm.(3) The authorised firm must have systems and controls in place to ensure that the assessment remains correct.(4) In assessing the suitability of the insurer, the authorised firm must have regard to all relevant circumstances, including, for example, the following:(a) the insurer's credit rating, capital and financial resources;(b) the insurer's regulatory status and history;(c) the insurer's expertise and market reputation;(d) the regulatory and legal regimes of the jurisdiction in which the insurer is located.(5) If the insurer is not an insurer authorised to effect professional indemnity insurance in the QFC or a person of equivalent status in zone 1, the authorised firm may take out or renew a policy of professional indemnity insurance from the insurer only if each of the following paragraphs is complied with:(a) the insurer is rated at least BBB by Standard & Poor's or the equivalent by another rating agency;(b) the firm has given written notice to the Regulatory Authority about its intention to take out or renew the insurance policy from the insurer;(c) the firm has received written notice from the authority stating that it does not object to the firm taking out or renewing the insurance policy from the insurer.(6) If the authorised firm gives the Regulatory Authority written notice under subrule (5)(b) and, within 28 business days after that day it gives the notice, the firm does not receive written notice from the authority stating that it objects to the firm taking out or renewing the insurance policy from the insurer, the firm is taken to have received written notice from the authority stating that it does not object to the firm taking out or renewing the insurance policy from the insurer.(7) If, at any time after the authorised firm has taken out or renewed the professional indemnity insurance policy from the insurer, the Regulatory Authority considers that the insurer is, or is likely to become, unsuitable to provide the insurance policy, the authority may, by written notice given to the firm, require the firm to cancel the insurance policy and take out equivalent professional indemnity insurance from another insurer in accordance with this rule.(8) If the authorised firm is given a notice under subrule (7), the firm must comply with the notice within —(a) the time stated in the notice; or(b) if the Regulatory Authority allows additional time to comply with the notice — the additional time.W0001/10 – Samba Financial Group
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Revoked by R0006/10.WAIVER NOTICE
Firm Samba Financial Group Address Tornado Tower, Suite B, 25th Floor, PO Box 24094 West Bay, Doha, Qatar QFC No. 00081 Notice No. W 0001/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of the Individuals Rulebook (INDI) does not apply in relation to the firm:
• rule 2.2.2.2 Commencement and expiry
This notice commences on the day it is signed and, unless revoked earlier, expires 3 months after the day it is signed.
3 Conditions
This notice is given subject to the condition that the approved individual exercising the money laundering reporting function for the firm spends an appropriate amount of time (having regard to the responsibilities of the function) in Qatar exercising the function.
4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 12.04.2010W0005/10 – CHARTIS MEMSA Insurance Company Limited
Click here to view PDF Version.
Revoked by R0002/12.MODIFICATION NOTICE
Firm CHARTIS MEMSA Insurance Company Limited Address Qatar Financial Centre, Office 402, 4th Floor, QFC Tower, Diplomatic Area, West Bay, Qatar QFC No. 00035 Notice No. W 0005/10 Financial Service Regulations, article 16(1)(A)
1 Modification
The Prudential — Insurance Rulebook (PINS) applies to the firm with the modifications mentioned in schedule 1.
2 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Conditions
None
Phillip Thorpe
Chairman and Chief Executive Officer
Date: 24 May 2010
Schedule 1 Modifications of Prudential Insurance Rulebook (PINS)
[1.1] Rule 1.4.7(1)
omit
An insurer must
insert
Subject to rule 1.4.7A, an insurer must[1.2] After Rule 1.4.7
insert
1.4.7A Time limit for biannual prudential returns of certain insurers(1) An insurer whose relevant financial year ends on 30 November may prepare a biannual prudential return for each of the 6-month periods ending on 31 May and 30 November.(2) The relevant biannual prudential returns must be given to the Regulatory Authority within 1 month after 31 May and 30 November.[1.3] Rule 1.4.8(1)
omit
An insurer must
insert
Subject to rule 1.4.8A, an insurer must[1.4] After Rule 1.4.8
insert
1.4.8A Time limit for quarterly prudential returns of certain insurers(1) An insurer whose relevant financial year ends on 30 November may prepare a quarterly prudential return for each of the 3-month periods ending on 28 February, 31 May, 31 August and 30 November.(2) The relevant quarterly prudential returns must be given to the Regulatory Authority within 1 month after 28 February, 31 May, 31 August and 30 November.W0017/10 – Barclays Bank PLC
WAIVER NOTICE
Firm Barclays Bank PLC Address Qatar Financial Centre, Office 1002, 10th Floor, QFC Tower, Diplomatic Area
West Bay, Doha, QatarQFC No. 00018 Notice No. W 0017/10 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provisions of Interim Prudential — Investment, Insurance Mediation and Bamking Business Rulebook (PIIB) do not apply in relation to the firm:
• rule 1.2.1• rules 1.3.7 to 1.3.9• chapter 2• sections 4.3 to 4.10• sections 5.3 to 5.9• sections 7.3 and 7.42 Commencement
This notice commences on the day it is signed and remains in effect until revoked.
3 Conditions
This notice is given subject to the following conditions:
(a) the firm maintains financial resources that are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and(b) the firm gives to the Regulatory Authority, on a quarterly basis, a copy of its latest United Kingdom Financial Services Authority (FSA) Section D (Capital Adequacy Summary) form within 10 business days after the day it is required to be given to the FSA.4 Interpretation
The Interpretation and Application Rulebook (INAP) applies to this notice as if its provisions were provisions of Rules made by the Regulatory Authority.
Michael G Ryan
Deputy Chief Executive Officer
Date: 5 September 2010W0015/12 – UBS AG
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm UBS AG Address Qatar Financial Centre, Office 1402 & 1403, 14th Floor, Servcorp Business Centre, Commercial Bank Plaza, West Bay, Doha, Qatar QFC No. 00087 Notice No. W 0015/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 22 April 2012 and, unless revoked earlier, expires on 21 April 2013.
3 Conditions
This notice is given subject to the following conditions:
a) The firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role; andb) The firm's money laundering reporting officer submits a non-resident MLRO report on a quarterly basis.Michael G Ryan
Chief Executive Officer
Date: 19 April 2012W0018/12 – Morgan Stanley & Co International PLC
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Revoked by R0003/13.WAIVER NOTICE
Firm Morgan Stanley & Co International PLC Address Qatar Financial Centre, Office 501, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00019 Notice No. W 0018/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 16 May 2013.
3 Conditions
This notice is given subject to the conditions that:
a) The Firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role; andb) The Firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a bi-annual basis.Michael G Ryan
Chief Executive Officer
Date: 17 May 2012W0021/12 – Zurich International Life Limited
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Revoked by R0003/13.WAIVER NOTICE
Firm Zurich International Life Limited Address Qatar Financial Centre, Office 404, 4th Floor, QFC Tower, Diplomatic Area, West Bay, P.O. Box 26777, Doha, Qatar. QFC No. 00067 Notice No. W 0021/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 17 June 2013.
3 Conditions
None
Michael G Ryan
Chief Executive Officer
Date: 18 June 2012W0023/12 – Marsh Qatar LLC
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Revoked by R0003/13.WAIVER NOTICE
Firm Marsh Qatar LLC Address Qatar Financial Centre, Office 401, 4th Floor, QFC Tower, Diplomatic Area, West Bay, P.O. Box 23245, Doha, Qatar. QFC No. 00085 Notice No. W 0023/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 22 June 2012 and, unless revoked earlier, expires on 21 June 2014.
3 Conditions
This notice is given subject to the condition that the Firm's Money Laundering Reporting Office spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 18 June 2012W0024/12 – Marsh Brokers Limited
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Revoked by R0003/13.WAIVER NOTICE
Firm MARSH BROKERS LIMITED Address Qatar Financial Centre, Office 401, 4th Floor, QFC Tower 1, Diplomatic Area, West Bay, P.O. Box 23245, Doha, Qatar. QFC No. 00093 Notice No. W 0024/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 22 June 2012 and, unless revoked earlier, expires on 21 June 2014.
3 Conditions
This notice is given subject to the condition that the Firm's Money Laundering Reporting Office spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Chief Executive Officer
Date: 18 June 2012W0025/12 – Goldman Sachs International
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Revoked by R0003/13.WAIVER NOTICE
Firm Goldman Sachs International Address Qatar Financial Centre, Office 601, 6th Floor, QFC Tower, Diplomatic Area, West Bay, P.O. Box 23647, Doha, Qatar. QFC No. 00053 Notice No. W 0025/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it's signed and, unless revoked earlier, expires on 20 June 2013.
3 Conditions
A) The Firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B) The Firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a quarterly basis.Michael G Ryan
Chief Executive Officer
Date: 21 June 2012W0026/12 – Sumitomo Mitsui Banking Corporation
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Revoked by R0003/13.WAIVER NOTICE
Firm Sumitomo Mitsui Banking Corporation Address Qatar Financial Centre, Office 1901, 19th Floor, QFC Tower, Diplomatic Area, West Bay, P O Box 23769, Doha, Qatar QFC No. 00073 Notice No. W 0026/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 23 June 2012 and unless revoked earlier, expires on 22 June 2014.
3 Conditions
A. The Firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on an annual basis commencing 1 January 2013.Michael G Ryan
Chief Executive Officer
Date: 21 June 2012W0028/12 – Nomura International plc, Qatar Financial Centre Branch
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Revoked by R0003/13.WAIVER NOTICE
Firm Nomura International plc, Qatar Financial Centre Branch Address Qatar Financial Centre, Office 804, 8th floor, QFC Tower, Diplomatic Area, West Bay, PO Box 23245, Doha, Qatar QFC No. 00106 Notice No. W 0028/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 5 August 2012 and unless revoked earlier, expires on 4 August 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a bi-annual basis.Michael G Ryan
Chief Executive Officer
Date: 5 August 2012W0029/12 – JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch
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Revoked by R0003/13.WAIVER NOTICE
Firm JPMorgan Chase Bank, N.A. — Qatar Financial Centre Branch Address Qatar Financial Centre, Suite B, 26th Floor, Tornado Tower, West Bay, Doha, Qatar QFC No. 00128 Notice No. W 0029/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 5 August 2012 and unless revoked earlier, expires on 4 August 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a bi-annual basis.Michael G Ryan
Chief Executive Officer
Date: 5 August 2012W0031/12 – Allianz Worldwide Care Limited
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Revoked by R0003/13.WAIVER NOTICE
Firm Allianz Worldwide Care Limited Address Regus West Bay, 14th Floor, Office 1440, Al Fardan Office Tower, PO Box 31316, Doha, Qatar QFC No. 00163 Notice No. W 0031/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 13 August 2012 and unless revoked earlier, expires on 12 August 2013.
3 Conditions
A) Allianz Worldwide Care Limited understands that it will be required to provide periodic reporting to the Regulatory Authority on a six monthly basis of its AML/CFT activities, including the activities of its MLRO, as well as providing updates on the firm's operations (including customers, products and services offered);B) the MLRO spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role; andC) that the firm's MLRO agrees to notify the Regulatory Authority on behalf of the firm, as required under the General Rulebook (rule 7.6.1), if the MLRO or the firm becomes aware of any material changes in circumstances that could affect the continuing relevance of the waiver.Michael G Ryan
Chief Executive Officer
Date: 13 August 2012W0032/12 – EMIRATES NBD PJSC
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Revoked by R0003/13.WAIVER NOTICE
Firm EMIRATES NBD PJSC Address Qatar Financial Centre, Office 602, 6th Floor, QFC Tower 1, Diplomatic Area, West Bay, PO Box 23245, Doha, Qatar. QFC No. 00026 Notice No. W 0032/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 9 September 2012 and unless revoked earlier, expires on 8 September 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a bi-annual basis.Michael G Ryan
Chief Executive Officer
Date: 9 September 2012W0033/12 – CHARTIS MEMSA Insurance Company Limited
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm CHARTIS MEMSA Insurance Company Limited Address Qatar Financial Centre, Office 402, 4th Floor, QFC Tower, Diplomatic Area, West Bay, PO Box 23043, Doha, Qatar. QFC No. 00035 Notice No. W 0033/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 13 September 2012 and, unless revoked earlier, expires on 12 September 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a semiannual basis.Michael G Ryan
Chief Executive Officer
Date: 13 September 2012W0034/12 – Mitsui Sumitomo Insurance Company (Europe) Ltd
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Revoked by R0003/13.WAIVER NOTICE
Firm Mitsui Sumitomo Insurance Company (Europe) Ltd Address Qatar Financial Centre, Office 801, 8th Floor, QFC Tower, Diplomatic Area, West Bay, P.O. Box 23096, Doha, Qatar QFC No. 00101 Notice No. W 0034/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 19 September 2012 and, unless revoked earlier, expires on 18 September 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a semiannual basis.Michael G Ryan
Chief Executive Officer
Date: 13 September 2012W0036/12 – Nasco Karaoglan Qatar LLC
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm Nasco Karaoglan Qatar LLC Address Qatar Financial Centre, Office #3, 2nd Floor, Tatweer Tower, West Bay, P.O. Box 22761, Doha, Qatar QFC No. 00057 Notice No. W 0036/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 17 September 2012 and, unless revoked earlier, expires on 16 September 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a semi annual basis.Michael G Ryan
Chief Executive Officer
Date: 17 September 2012W0037/12 – Zurich Insurance Company Ltd. QFC Branch
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm Zurich Insurance Company Ltd. QFC Branch Address Office 404, Level 4, QFC Tower 1, West Bay, Doha, Qatar QFC No. 00166 Notice No. W 0037/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 8 October 2012 and, unless revoked earlier, expires on 7 October 2014.
3 Conditions
A. On the basis that the waiver is granted, ZICQB understands its obligations in relation to the waiving of the residency requirement for the MLRO, including any conditions of the waiver, as well as the duration of the waiver and any additional reporting requirements (as set out in paragraph (b));B. ZICQB understands that it will be required to provide periodic reporting to the Regulatory Authority on a 6 monthly basis of its AML/CFT activities, including the activities of its MLRO, as well as providing updates on the firm's operations (including customers, products and services offered);C. the MLRO spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role; andD. that the firm's MLRO agrees to notify the Regulatory Authority on behalf of the firm, as required under the General Rulebook (rule 7.6.4), if the MLRO or the firm becomes aware of any material changes in circumstances that could affect the continuing relevance of the waiver.Michael G Ryan
Chief Executive Officer
Date: 8 October 2012W0038/12 – State Street Middle East North Africa LLC
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm State Street Middle East North Africa LLC Address State Street Middle East North Africa LLC, 16th Floor, Amwal Tower, West Bay, P.O. Box 28111, Doha, Qatar QFC No. 00088 Notice No. W 0038/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 22 October 2012 and, unless revoked earlier, expires on 21 October 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a quarterly basis.Michael G Ryan
Chief Executive Officer
Date: 22 October 2012W0039/12 – Tazur Company b.s.c. (c) — QFC Branch
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Revoked by R0003/13.WAIVER NOTICE
Firm Tazur Company b.s.c. (c) — QFC Branch Address Qatar Financial Centre, Office 4, 2nd Floor, Tatweer Tower, West Bay, PO Box 24716, Doha, Qatar QFC No. 00112 Notice No. W 0039/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 22 October 2012 and, unless revoked earlier, expires on 21 April 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a quarterly basis.Michael G Ryan
Chief Executive Officer
Date: 22 October 2012W0040/12 – Bahrain National Insurance Company BSC (C) QFC Branch
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm Bahrain National Insurance Company BSC (C) QFC Branch Address Qatar Financial Centre, Office 501, 5th Floor, QFC Tower 2, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00147 Notice No. W 0040/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 22 October 2012 and, unless revoked earlier, expires on 21 October 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a semi annual basis.Michael G Ryan
Chief Executive Officer
Date: 22 October 2012W0041/12 – Aon Qatar LLC
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm Aon Qatar LLC Address Qatar Financial Centre, Office 1, 2nd Floor, Tatweer Tower, West Bay, PO Box 16456, Doha, Qatar QFC No. 00086 Notice No. W 0041/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 24 October 2012 and, unless revoked earlier, expires on 23 October 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a semi annual basis.Michael G Ryan
Chief Executive Officer
Date: 24 October 2012W0042/12 – MedGulf Allianz Takaful — QFC Branch
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Revoked by R0003/13.WAIVER NOTICE
Firm MedGulf Allianz Takaful — QFC Branch Address Qatar Financial Centre, Office 6, Ground floor, Building No. 346, C-Ring Road, Al Muntazah, Doha, Qatar, P.O. Box 31316 QFC No. 00110 Notice No. W 0042/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 26 October 2012 and, unless revoked earlier, expires on 25 October 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a quarterly basis.Michael G Ryan
Chief Executive Officer
Date: 24 October 2012W0043/12 – Deutsche Bank AG Doha (QFC) Branch
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm Deutsche Bank AG Doha (QFC) Branch Address Qatar Financial Centre, Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, P.O. Box 14928, Doha, Qatar. QFC No. 00032 Notice No. W 0043/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 18 November 2012 and, unless revoked earlier, expires on 17 November 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a bi-annual basis.Michael G Ryan
Chief Executive Officer
Date: 18 November 2012W0044/12 – The Royal Bank of Scotland plc
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm The Royal Bank of Scotland plc Address Qatar Financial Centre, Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar, P.O. Box 23245 QFC No. 00046 Notice No. W 0044/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 18 November 2012 and, unless revoked earlier, expires on 17 November 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report every six months.Michael G Ryan
Chief Executive Officer
Date: 18 November 2012W0001/13 – EFG-Hermes Qatar LLC
Click here to view PDF Version.
Revoked by R0003/13.WAIVER NOTICE
Firm EFG-Hermes Qatar LLC Address Qatar Financial Centre, Al Fardan Offices Tower, 7th Floor, West Bay, P.O. Box 24972, Doha, Qatar. QFC No. 00069 Notice No. W 0001/13 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 06 January 2013 and, unless revoked earlier, expires on 05 July 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a monthly basis.Michael G Ryan
Chief Executive Officer
Date: 06 January 2013Revocation Notices
R0002/08 – Global Investment House (Qatar) LLC
NOTICE OF REVOCATION
Firm Global Investment House (Qatar) LLC Address P.O Box 28807, Safat 13149, Kuwait QFC No. 00011 Notice No. R 0002/08 THE QFC REGULATORY AUTHORITY GIVES NOTICE THAT:
Notice of Rule Waiver W 0012/08 is revoked.
This notice of revocation is issued by the QFC Regulatory Authority under Article 16 of the Financial Services Regulations.
Effective Date: This notice comes into effect on 16 June 2008.
NOTICE REVOKED
Notice of Rule Waiver W 0012/08
INTERPRETATION
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer16 June 2008
R0003/08 – Barclays Bank Plc
NOTICE OF REVOCATION
Firm Barclays Bank Plc Address Office 1505 c, 15th Floor, MEC Building, Doha, Qatar QFC No. 00018 Notice No. R 0003/08 THE QFC REGULATORY AUTHORITY GIVES NOTICE THAT:
Notice of Rule Waiver W 0012/06 is revoked.
This notice of revocation is issued by the QFC Regulatory Authority under Article 16 of the Financial Services Regulations.
Effective Date: This notice comes into effect on 5 November 2008.
NOTICE REVOKED
Notice of Rule Waiver W 0012/06
INTERPRETATION
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer5 November 2008
R0001/09 – ICICI Bank Limited
NOTICE OF REVOCATION
Firm ICICI Bank Limited Address 11th Floor, Qatar Financial Centre Tower, West Bay, Doha, Qatar QFC No. 00041 Notice No. R 0001/09 THE QFC REGULATORY AUTHORITY GIVES NOTICE THAT:
Notice of Rule Waiver W 0041/07 is revoked.
This notice of revocation is issued by the QFC Regulatory Authority under Article 16 of the Financial Services Regulations.
Effective Date: This notice comes into effect on 21 January 2009.
NOTICE REVOKED
Notice of Rule Waiver W 0041/07
INTERPRETATION
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer21 January 2009
R0002/09 – Ansbacher & Co. Limited QFC Branch
REVOCATION NOTICE
Firm Ansbacher & Co. Limited QFC Branch Address Qatar Financial Centre
Office 1001, 10th Floor
QFC Tower, Diplomatic Area, West Bay
Doha — QatarQFC No. 00001 Notice No. R 0002/09 Financial Services Regulations, article 16(5)(A)
1 Revocation
The following notices are revoked:
• Notice No. W 0018/072 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 6th September 2009R0003/09 – Ansbacher & Co. Limited QFC Branch
REVOCATION NOTICE
Firm Ansbacher & Co. Limited QFC Branch Address Qatar Financial Centre
Office 1001, 10th Floor
QFC Tower, Diplomatic Area, West Bay
Doha — QatarQFC No. 00001 Notice No. R 0003/09 Financial Services Regulations, article 16(5)(A)
1 Revocation
The following notices are revoked:
• Notice No. W 0021/072 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 6th September 2009R0004/09 – Qatar Capital Partners LLC
REVOCATION NOTICE
Firm Qatar Capital Partners LLC Address Qatar Financial Centre
Office 1001, 10th Floor
QFC Tower, Diplomatic Area, West Bay
Doha — QatarQFC No. 00042 Notice No. R 0004/09 Financial Services Regulations, article 16(5)(A)
1 Revocation
The following notices are revoked:
• Notice No. W 0007/072 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 6th September 2009R0005/09 – Goldman Sachs International
REVOCATION NOTICE
Firm Goldman Sachs International Address Qatar Financial Centre
Office 601, 6th Floor
QFC Tower, Diplomatic Area, West Bay
Doha, QatarQFC No. 00053 Notice No. R 0005/09 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0001/08 is revoked
2 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 1 October 2009R0001/10 – Lehman Brother International (Europe) (In administration)
REVOCATION NOTICE
Firm Lehman Brother International (Europe) (In administration) Address Mr. Anthony Lomas
In your capacity as Joint Administrator of
Lehman Brothers International (Europe)
PricewaterhouseCoopers LLP
Plumtree Court
London EC4A 4HT
United KingdomQFC No. 00040 Notice No. R 0001/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
The following notices are revoked:
• Notice No. W 0004/07• Notice No. W 0005/07• Notice No. W 0017/072 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 5 January 2010R0002/10 – UBP (Qatar) LLC
REVOCATION NOTICE
Firm UBP (Qatar) LLC Address Al Fardan Towers — Office 844, West Bay, P.O. Box 23473, Doha, Qatar QFC No. 00021 Notice No. R 0002/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
The following notices are revoked:
• Notice No. W 0019/062 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 28 March 2010R0003/10 – Guardian Wealth Management Qatar LLC
REVOCATION NOTICE
Firm Guardian Wealth Management Qatar LLC Address Qatar Financial Centre
Office 4, 1st Floor
Business Centre
QFC Tower
Diplomatic Area, West Bay
Doha — QatarQFC No. 00113 Notice No. R 0003/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0038/09 is revoked.
2 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 18 April 2010R0004/10 – Nasco Karaoglan Qatar LLC
REVOCATION NOTICE
Firm Nasco Karaoglan Qatar LLC Address Office 3, 2nd Floor
Tatweer Tower
West Bay
Doha — QatarQFC No. 00057 Notice No. R 0004/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0020/09 is revoked.
2 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 18 April 2010R0005/10 – Nexus Financial Services WLL
REVOCATION NOTICE
Firm Nexus Financial Services WLL Address 501, 5th Floor, Tatweer Tower
Onaiza Street, West Bay,
P.O. Box 26384,
Doha, QatarQFC No. 00099 Notice No. R 0005/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0034/09 is revoked.
2 Commencement
This notice commences on the date it is signed.
Phillip Thorpe
Chairman and Chief Executive Office
Date: 24 April 2010R0006/10 – Samba Financial Group
REVOCATION NOTICE
Firm Samba Financial Group Address Tornado Tower, Suite b, 25th Floor, PO Box 24094
West Bay, Doha, QatarQFC No. 00081 Notice No. R 0006/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0001/10 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael Ryan
Deputy Chief Executive Officer
Date: 20 June 2010R0007/10 – Credit Agricole Suisse (Qatar) LLC
REVOCATION NOTICE
Firm Credit Agricole Suisse (Qatar) LLC Address Qatar Financial Centre
QFC Tower, Office 504, 5th Floor
Diplomatic Area, West Bay,
Doha, QatarQFC No. 00044 Notice No. R 0007/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0010/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael Ryan
Deputy Chief Executive Officer
Date: 12 July 2010R0009/10 – Barclays Bank PLC
REVOCATION NOTICE
Firm Barclays Bank PLC Address Qatar Financial Centre
Office 1002, 10th Floor
QFC Tower
Diplomatic Area, West Bay,
Doha — QatarQFC No. 00018 Notice No. R 0009/10 Financial Services Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0022/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael Ryan
Deputy Chief Executive Officer
Date: 5 September 2010R0010/10 – Deutsche Bank AG Doha (QFC) Branch
REVOCATION NOTICE
Firm Deutsche Bank AG Doha (QFC) Branch Address Qatar Financial Centre, Office 502, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00032 Notice No. W 0010/10 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0028/07 is revoked.
2 Commencement and expiry
This notice commences on the day it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 7 September 2010R0011/10 – The Royal Bank of Scotland plc
REVOCATION NOTICE
Firm The Royal Bank of Scotland plc Address Qatar Financial Centre, Office 1201, 12th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00046 Notice No. W 0011/10 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0012/07 is revoked.
2 Commencement and expiry
This notice commences on the day it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 31 October 2010R0012/10 – Morgan Stanley & Co International PLC
REVOCATION NOTICE
Firm Morgan Stanley & Co International PLC Address P.O. Box 18673, Office 501, 5th Floor, Qatar Financial Centre Tower, Doha, Qatar QFC No. 00019 Notice No. W 0012/10 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0014/06 is revoked.
2 Commencement and expiry
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 4 November 2010R0013/10 – Goldman Sachs International
REVOCATION NOTICE
Firm Goldman Sachs International Address PO Box 23245, Office 601, 6th Floor, QFC Tower, Doha, Qatar QFC No. 00053 Notice No. R 0013/10 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0036/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 2 December 2010R0001/11 – AXA Insurance (Gulf) BSC
REVOCATION NOTICE
Firm AXA Insurance (Gulf) BSC Address QFC tower, West Bay, P O Box 15319, Doha, Qatar QFC No. 00024 Notice No. R 0001/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0023/06 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 2 January 2011R0002/11 – EMIRATES NBD PJSC
REVOCATION NOTICE
Firm EMIRATES NBD PJSC Address QFC Tower, Office 602, 6th Floor, Diplomatic Area, West Bay
Doha — QatarQFC No. 00026 Notice No. R 0002/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0029/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 14 February 2011R0003/11 – CHARTIS MEMSA Insurance Company Limited
REVOCATION NOTICE
Firm CHARTIS MEMSA Insurance Company Limited Address Qatar Financial Centre, Office 402, 4th Floor, QFC Tower, Diplomatic Area,
West Bay, QatarQFC No. 00035 Notice No. R 0003/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0001/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 21 February 2011R0004/11 – Nasco Karaoglan Qatar LLC
REVOCATION NOTICE
Firm Nasco Karaoglan Qatar LLC Address Office 3, 2nd floor, Tatweer Tower, West Bay, Doha, Qatar QFC No. 00057 Notice No. R 0004/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0044/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 22 February 2011R0005/11 – First Gulf Bank — QFC Branch
REVOCATION NOTICE
Firm First Gulf Bank — QFC Branch Address Office 505, 5th Floor, QFC Tower 2, West Bay, Doha, Qatar QFC No. 00098 Notice No. R 0005/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0032/08 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 May 2011R0006/11 – Credit Suisse (Qatar) LLC
REVOCATION NOTICE
Firm Credit Suisse (Qatar) LLC Address Qatar Financial Centre, Office 1302, 13th Floor, QFC Tower
Diplomatic Area, West Bay, Doha, QatarQFC No. 00005 Notice No. R 0006/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0035/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 4 October 2011R0007/11 – Rothschild Qatar LLC
REVOCATION NOTICE
Firm Rothschild Qatar LLC Address Office No. 923 & 924, Al Fardan Office Tower, P O Box 31316, West Bay, Doha, Qatar QFC No. 00116 Notice No. R 0007/11 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0029/11 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 10 October 2011R0001/12 – Credit Agricole Suisse (Qatar) LLC
REVOCATION NOTICE
Firm Credit Agricole Suisse (Qatar) LLC Address Qatar Financial Centre, Office 504, 5th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar, P O Box 16639 QFC No. 00044 Notice No. R 0001/12 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0037/11 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 11 January 2012R0002/12 – CHARTIS MEMSA Insurance Company Limited
REVOCATION NOTICE
Firm CHARTIS MEMSA Insurance Company Limited Address Office 402, 4th Floor, QFC Tower, P.O. Box 23043, Doha, Qatar QFC No. 00035 Notice No. R 0002/12 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0005/10 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Deputy Chief Executive Officer
Date: 19 February 2012R0001/13 – Sumitomo Mitsui Banking Corporation
REVOCATION NOTICE
Firm Sumitomo Mitsui Banking Corporation Address Qatar Financial Centre, Office 1901, P.O Box: 23769, QFC Tower, Diplomatic Area, West Bay Doha — Qatar QFC No. 00073 Notice No. R 0001/13 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0010/08 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Chief Executive Officer
Date: 10 January 2013R0002/13 – ICICI Bank Limited
REVOCATION NOTICE
Firm ICICI Bank Limited Address Qatar Financial Centre Office 403, 4th Floor QFC Tower Diplomatic Area, West Bay Doha - Qatar QFC No. 00041 Notice No. R 0002/13 Financial Service Regulations, article 16(5)(A)
1 Revocation
Notice No. W 0024/07 is revoked.
2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Chief Executive Officer
Date: 2 April 2013R0003/13 – Various firms
REVOCATION NOTICE
Firm Various firms Address QFC No. Various numbers Notice No. R 0003/13 Financial Service Regulations, article 16(5)(A)
1 Revocation
The following waiver notices are revoked:
W 0002/07 American Life Insurance Company ("Alico") W 0015/12 UBS AG W 0018/12 Morgan Stanley & Co International PLC W 0021/12 Zurich International Life Limited W 0023/12 MARSH Qatar LLC W 0024/12 MARSH BROKERS LIMITED W 0025/12 Goldman Sachs International W 0026/12 Sumitomo Mitsui Banking Corporation W 0028/12 Nomura International plc, QFC Branch W 0029/12 JPMorgan Chase Bank, N.A. — QFC Branch W 0031/12 Allianz Worldwide Care Limited W 0032/12 EMIRATES NBD PJSC W 0033/12 CHARTIS MEMSA Insurance Company Limited (now known as AIG MEA Limited) W 0034/12 Mitsui Sumitomo Insurance Company (Europe) Ltd W 0036/12 Nasco Karaoglan Qatar LLC W 0037/12 Zurich Insurance Company Ltd. QFC Branch W 0038/12 State Street Middle East North Africa LLC W 0039/12 Tazur Company b.s.c. (c) — QFC Branch W 0040/12 Bahrain National Insurance Company BSC (C) QFC Branch W 0041/12 Aon Qatar LLC W 0042/12 MedGulf Allianz Takaful — QFC Branch W 0043/12 Deutsche Bank AG Doha (QFC) Branch W 0044/12 The Royal Bank of Scotland plc W 0001/13 EFG-Hermes Qatar LLC 2 Commencement
This notice commences on the date it is signed.
Michael G Ryan
Chief Executive Officer
Date: 10 April 2013QFCA
In Force
Goldman Sachs International
QATAR FINANCIAL CENTRE AUTHORITY
DECISION
WHEREAS Article 7 of the Law establishing the Qatar Financial Centre Authority ("QFCA"), Law No. 7 of 2005 ("QFC Law"), provides that limited liability companies, partnerships and other types of company or entity may be incorporated or formed in the QFC, pursuant to Regulations enacted by the Minister of Economy and Commerce ("Minister");
WHEREAS the QFC Companies Regulations (Part 6) provide for the registration by the QFC Companies Registration Office ("CRO") of branches of certain limited liability companies ("LLCs") formed outside the QFC, subject to conditions;
WHEREAS Goldman Sachs International ("GSI"), an entity organized as an unlimited liability company under UK Companies Act 1985, has filed an application to establish as a branch in the QFC and to obtain a QFCA license and QFCRA authorization to operate in or from the QFC;
WHEREAS the QFCA under Article 6(5) of the QFC Law may approve, authorize and license persons, companies and other entities to conduct business at the QFC "...(whether by establishing a branch or other business in the QFC or by incorporating or establishing a new company or entity therein)" and Article 6(14) provides that the QFCA has, among other powers, all powers specifically provided for in the QFC Law or otherwise reasonable considered by it to be necessary, desirable or appropriate to achieve, further or assist in relation to its powers set forth in Article 6;
WHEREAS the QFCA understands that GSI as a UK unlimited liability company is subject to requirements that are substantially similar to those applicable to UK LLCs and to QFC LLCs;
WHEREAS in respect of the one area of difference (i.e., the general provision that UK unlimited liability companies are exempt from filing audited annual financials) GSI and its external auditor, PriceWaterhouseCoopers LLP, have represented that GSI's annual financial statements are prepared and audited in accordance with UK Generally Accepted Accounting Practice and otherwise in accordance with the requirements of UK Companies Act 1985; and
WHEREAS the QFCA is of the view that the absence of QFC Regulations directly applicable to unlimited liability companies should not prohibit the establishment in the QFC of a branch of GSI, an unlimited liability company.
IT IS HEREBY DECIDED:
(1) That GSI shall be permitted to establish with QFC as a branch of an unlimited liability company and the CRO is instructed to issue the appropriate certificate of registration.(2) That as a condition of the issuance and continued effectiveness of this Decision, GSI undertakes to comply with the requirements that otherwise apply to QFC branches of LLCs domiciled outside the QFC as set forth in Part 6 of the QFC CRO and the CRO is hereby authorized to make such determinations for purposes of this Decision.(3) That this Decision shall become effective upon the issuance to GSI of: i) a license by the QFCA; and ii) authorization by the QFCRA.Pursuant to authority delegated by QFCRA Board Order of February 25 2007, issued on July 4, 2007 at the Qatar Financial Centre, Doha, State of Qatar by
Jane Kang Thorpe, Chief Legal Officer
Special Purpose Company class waiver
Waiver Issued by the QFC Authority under Article 13 of the QFC Authority Regulations N 9 of 2006
Subject of the Waiver: The QFC Authority Board, in its Meeting dated 25 March 2014, approved a class waiver to be granted to the QFC Special Purpose Companies ("SPCs") meeting certain criteria from the requirement of having an individual registered to undertake the Senior Executive Function ("SEF").
Effective Date: This waiver comes into effect on 25th March 2014.
Expiry Date: Until revoked by the QFC Authority.
RULES WAIVED
Rule 11.4.1 (A) of the QFCA Rules.
CONDITIONS
This waiver applies to QFC SPCs that:
1) Are inert and passive in nature; and2) appoint a Support Services Provider located in the QFC or the State of Qatar only.Qatar Financial Centre Authority
QATAR FINANCIAL CENTRE AUTHORITY ("QFCA")
EXTRACT OF MINUTES OF THE QFCA BOARD MEETING
Held at The Ministry of Finance Offices, 5th Floor, Ministry of Finance, Doha, Qatar on the 25th March 2014 at 10:00 am
Present: H.E. Ali Shareef Al-Emadi (Chairman)
Abdulrahman Ahmad Al-Shaibi
Bob Wigley
Dr. Arnab Banerji
Shashank SrivastavaApology: H.E. Sheikh Ahmed bin Jassim bin Mohammed Al-Thani (Deputy Chairman).
Rashid Al-Mansoori
Dr. Jacques AigrainIn attendance: David Dhanoo (CLO and Board Secretary)
Yousef Mohammed Al-Jaidah (CSDO) [Agenda Item 2 only]I certify that the following is an extract of Item 3 (ii) of the Minutes of the QFCA Board Meeting held on the 25th March 2014.
...
3. Legal, Governance and Procedural Matters
...
(ii) Class waiver relating to Special Purpose Companies ("SPCs")
Mr. Dhanoo referred to his paper regarding a proposal and request for a class waiver to be granted to SPCs from the requirement of registering an individual to undertake the Senior Executive Function ("SEF"), previously circulated. Mr Dhanoo stressed that the class waiver would only apply to inert and passive SPCs which were all required to have a Support Service Provider ("SSP") appointed to provide them with administration and governance services. The Board resolved to approve the class waiver of General Rule 11 of the QFCA Rules for SPCs and agreed that the Special Company Regulations could be amended to reflect the change in the future.David Dhanoo
Group Chief Legal Officer and Board Secretary
Qatar Financial Centre Authority11th June 2014
Denton Wilde Sapte & Co
QATAR FINANCIAL CENTRE AUTHORITY
DECISION
WHEREAS Article 7 of the Law establishing the Qatar Financial Centre ("QFC"), Law No. 7 of 2005 ("QFC Law"), provides that limited liability companies, partnerships and other types of company or entity may be incorporated or formed in the QFC, pursuant to Regulations enacted by the Minister of Economy and Commerce ("Minister");
WHEREAS each of the QFC Limited Liability Companies ("LLC") Regulations (Part 6) and the Limited Liability Partnership ("LLP") Regulations (Part 10) provide for the registration by the QFC Companies Registration Office of branches of certain LLCs and LLPs formed outside the QFC, subject to conditions;
WHEREAS to date the QFC Authority ("QFCA") has yet to approve QFC Partnership Regulations for enactment by the Minister;
WHEREAS Denton Wilde Sapte & Co ("DSW"), a UK Partnership operating as a law firm has filed an application to establish a branch of a General Partnership in the QFC and to obtain a QFCA license to operate in or from the QFC;
WHEREAS similar relief was provided to Clyde & Co; a UK Partnership operating as a law firm wishing to establish a branch in the QFC;
WHEREAS the QFCA under Article 6(14) has, among other powers, all powers specifically provided for in the QFC Law or otherwise reasonably considered by it to be necessary, desirable or appropriate to achieve, further or assist in relation to its powers set forth in Article 6;
WHEREAS the QFCA Board is of the view that the absence of QFC Partnership Regulations should not prohibit the establishment in the QFC of a branch of DSW or of other branches of partnerships domiciled outside the QFC that comply with applicable partnership laws in their home jurisdictions that the QFCA determines are consistent with, and further the aims of, the QFC Law;
IT IS HEREBY DECIDED
(1) That DSW shall be permitted to establish in the QFC as a branch of a UK Partnership and the QFC Companies Registration Office ("CRO") is instructed to issue the appropriate certificate of registration.(2) That as a condition of the issuance and continued effectiveness of this Decision, DSW undertakes to comply with the requirements that otherwise apply to QFC branches of LLCs and LLPs domiciled outside the QFC as set forth in Part 6 of the QFC Companies Regulations and Part 10 of the LLP Regulations and as otherwise deemed necessary by the QFC CRO and the CRO is hereby authorized to make such determinations for purposes of this Decision.(3) That this Decision shall become effective upon the issuance to DSW of a license by the QFCA.Pursuant to authority delegated by QFCA Board Order or February 25 2007, issued on October 2, 2007 at the Qatar Financial Centre, Doha, State of Qatar by
Jane Kang Thorpe, Chief Legal Officer
Tazur Company b.s.c. ( c ) — QFC Branch (the "Firm")
Notice of decision on Modification Application
Firm Name Tazur Company b.s.c. ( c ) — QFC Branch (the "Firm") Firm Number 00112 Notice No. CW-00015/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 15th of May 2013
Expiry Date: This notice will remain in effect until revoked
REGULATION MODIFIED
Article 122(2) Companies Regulations 2005 (the "Regulations"):
If any particulars required by Article 122(1)(A)–(G) and Article 122(1)(I) are altered, the Branch shall give notice in writing to the CRO of the particulars of the alteration within 21 days after the alteration is made on the Prescribed Form together with any Prescribed Fee. If any particulars required by Article 122(1)(H) are altered, the Branch shall give notice in writing to the CRO of the particulars of the alteration within 21 days of the end of the quarter within which the alteration has been made on the Prescribed Form together with any Prescribed Fee for each alteration. For the purposes of this Article a quarter is defined as (i) 31st March; (ii) 30th June; (iii) 30th September; and (iv) 31st December
CONDITIONS: NONE
NOTE
This modification has been granted by the QFC Authority on the facts presented by the Firm. The QFC Authority makes it clear to the Firm that it expects the Firm to be aware of its filing obligations under the Regulations and this approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Rules, Financial Services Regulations or Individual Rules 2005 as applicable.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQINVEST LLC
Notice of decision on Modification Application
Firm Name QINVEST LLC Firm Number 00048 Notice No. CW-00029/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 (the "Regulations") specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 17th of December 2013
Expiry Date: This notice will remain in effect until amended or revoked
REGULATION MODIFIED
Article 32(2) of the Regulations:
Article 31(3), (4), and (5) shall apply to the purchase by an LLC of its own Shares (the "Purchased Shares") as they apply to a redemption of redeemable Shares of an LLC. If an LLC decides, in accordance with its articles of association, to hold Purchased Shares in treasury ("Treasury Shares"), then Article 31 (4) shall not apply. Treasury Shares will continue to be treated as issued capital but, for so long as they are held in treasury, will have: (a) no voting rights (b) no pre-emptive rights for a Member; (c) no right to receive any dividends; and (d) no rights to receive assets upon the LLC's liquidation.
CONDITIONS: NONE
NOTE
This modification has been granted by the QFC Authority on the facts presented by the Firm. The QFC Authority makes it clear to the Firm that it expects the Firm to be aware of its filing obligations under the Regulations and this approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations, Financial Services Regulations or Individual Rules 2005 as applicable.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQatar Holding Company Activities Waiver
Issued to: Qatar Investment Authority, through Qatar Holding LLC Notice No. CW-00080/2018 Issued on: December 12, 2019 WHEREAS the Qatar Investment Authority ("QIA") was established to invest, manage and grow the State of Qatar's reserves in order to create long term value for the State of Qatar and future generations.
AND WHEREAS QIA, directly or indirectly, has established a number of holding companies before the commencement of the Special Company Regulations ("SCR"), established a number of holding companies since the commencement of the SCR, and may establish additional holding companies in the future, whether such companies are beneficially owned by the QIA or the QIA and another Entity (all known as "QIA Holding Companies", and for the purpose of this Waiver Notice, such expression includes any holding company established at any time or to be established by the Amiri Diwan for a purpose related to the QIA);
AND WHEREAS, all capitalised terms set out in this Waiver Notice shall (unless defined herein) have the same meaning as those terms set out in the SCR;
AND WHEREAS Article 23 of the SCR provides that a "Holding Company who is ultimately wholly owned by the Government of the State" receives the benefits set out in Article 23, and given there is uncertainty as to which entities fall into the category of "wholly owned by the Government of the State";
AND WHEREAS in accordance with Article 13(2) of the QFCA Regulations, the QFCA has consulted with the Qatar Financial Centre Regulatory Authority (QFCRA) concerning the waiver application and the QFCRA has confirmed that it has no objection to the QFCA granting the waiver;
The QFCA:
(i) Is satisfied that the burden experienced in QIA Holding Companies being required to comply with all of the provisions of the Companies Regulations and the SCR would significantly outweigh the benefits that these regulations were intended to achieve;(ii) Is satisfied that compelling compliance with all of the provisions of these regulations by QIA Holding Companies would not achieve or further the purpose for which these regulations were made;(iii) Is satisfied that the granting of a waiver in respect of certain provisions of the Companies Regulations and the SCR would not result in undue risk to Persons whose interest these regulations were intended to protect; and(iv) Considers that a waiver will promote efficiency in the QFC and to eliminate unnecessary legal requirements wherever possible.IT IS HEREBY DECIDED THAT:
1. As far as any QIA Holding Company is concerned, the phrase "Holding Company Group" within the meaning of the SCR shall also include (i) the QIA and its subsidiaries; (ii) the State of Qatar; (iii) the Government of the State of Qatar; (iv) a company beneficially owned by, or a public corporation in, the State of Qatar; (v) any Ministry, authority, agency, institution, foundation or other Government body in the State of Qatar; and (vi) the Amiri Diwan, each being an Entity within the meaning of the SCR.2. All QIA Holding Companies shall be subject to the SCR and accordingly, the requirements in Part 3A, Part 4, Part 6 and Part 7 of the Companies Regulations, Article 47 and 48 of the Companies Regulations and the requirements regarding the appointment of auditors, the examination of and reporting on of accounts by auditors, the laying of accounts before a meeting of members and the lodging of accounts with CRO, shall be waived.3. The permitted activities of any QIA Holding Company shall include such permitted activities as set out in the SCR, as set out in paragraphs 12, 14 or 15 of Part 2, Schedule 3 of the QFC Law, or as permitted as an exemption under Schedule 3 of the Financial Services Regulations as stipulated in Article 20.1 (g) of the SCR, and any other activities, including a purpose, set out in the Articles of Association and/or scope of licence of the QIA Holding Company.4. Accordingly at all times (whether before or from the date of this Waiver Notice) the terms "Holding Company" and "Holding Company Activities", so far as those terms apply to QIA Holding Companies, shall be construed and interpreted:within the meaning of the SCR but with reference to the activities which the QIA Holding Company may conduct, in accordance with this Waiver Notice.(i) within the meaning of the SCR but with reference to the activities which a QIA Holding Company may conduct, in accordance with this Waiver Notice; and(ii) as such terms may be used in: (a) the certificate of incorporation and/or Articles of Association of a QIA Holding Company; and(b) the licence of a QIA Holding Company and/or any accompanying document setting out the scope of proposed activities of a QIA Holding Company,This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerHolding Company Class Waiver
Waiver issued by the QFC Authority under Article 13 of the QFC Authority Regulations N. 9 of 2006
SUBJECT OF THE WAIVER: The QFC Authority's Board, in its Meeting dated 10th June 2014 approved a class waiver to be granted to QFC Holding Companies meeting certain criteria from the requirement of notifying the QFC Authority in case of formation or dissolution of a Subsidiary outside the QFC.
Effective Date: This waiver came into effect on 10th June 2014.
Expiry Date: Until revoked.
RULES WAIVED: Rule 3.5 of the QFC Special Company Rules.
APPLICATION OF THE WAIVER
This waiver applies to QFC Holding Companies that:
a) Are held directly by the Qatar Investment Authority/Qatar Holding LLC; orb) Are owned directly or indirectly by the State of Qatar government and semi-government entities and bodies.Qatar Financial Centre Authority
25 March 2015
QATAR FINANCIAL CENTRE AUTHORITY ("QFCA")
EXTRACT OF MINUTES OF THE QFCA BOARD MEETING
Held at the Ministry of Finance Offices, 5th floor, Ministry of Finance, Doha, Qatar on the 10th June 2014 at 12 noon
Present: H.E. Ali Shareef Al-Emadi (Chairman)
H.E Sheikh Ahmed bin Jassim bin Mohammed Al-Thani (Deputy Chairmain)
Abdulrahman Ahmad Al-Shaibi
Rashid Al-Mansoori
Bob Wigley
Dr. Arnab Banerji
Shashank SrivastavaApology: Dr. Jacques Aigrain In attendance: David Dhanoo (CLO and Board Secretary)
Yousef Mohammed Al-Jaidah (Deputy CEO)I certify that the following is an extract of Item 3 (ii) of the Minutes of the QFCA Board Meeting held on the 10th June 2014.
...
3. Legal, Governance and Procedural Matters
...
(ii) Qatar Holding LLC/Special Companies Rules Waiver
The Board considered the waiver proposal including the background information and justification described in the Board paper presented by Mr. Dhanoo. The Board approved the waiver of Rule 3.5 of the Special Company Rules (Holding Company notification requirement) for: (a) each of the Holding Companies held directly or indirectly by the QIA/Qatar Holding; and (b) other QFC firms owned directly or indirectly by the SOQ government and semi-government entities and bodies.David Dhanoo
Chief Legal Officer and Board Secretary
Qatar Financial Centre Authority18th March 2015
Khawar Qureshi Residency Waiver
QATAR FINANCIAL CENTRE AUTHORITY
DECISION
WHEREAS Qatar Financial Centre Authority ("QFCA") General Rules 11.3.1(A) requires that the Senior Executive Function of a QFCA Licensed Firm domiciled in the QFC be carried out by an individual who is ordinarily resident in the State;
WHEREAS Mr. Khawar Qureshi QC, a barrister with Serle Court Chambers in England, has applied to establish QFC's first law chambers (hereinafter referred to as "Law Chambers") as a QFC Limited Liability Company with Mr. Qureshi as the Senior Executive and with two additional members, Lord Slynn of Hadley and Professor William Ballantyne, each of whom has a current or former affiliation with Serle Court Chambers;
WHEREAS Law Chambers is seeking to offer specialist services in English Commercial Law and Litigation, Public International Law and Commercial Dispute Resolution in Qatar and elsewhere in the region from the QFC;
WHEREAS the establishment of Law Chambers would, among other things, promote the objectives of the QFC Arbitration Regulations as well as facilitate the effectiveness of the QFC Regulatory Tribunal and QFC Civil and Commercial Court once they come operational;
WHEREAS Mr. Qureshi intends to remain a member of Serle Court Chambers in addition to functioning as Senior Executive of Law Chambers and has applied for a waiver of the requirement that he be "ordinarily resident" in Qatar under QFCA General Rule 11.3.1(A);
WHEREAS the primary purpose of the Senior Executive Function in the case of a legal practice is to ensure that the QFCA Licensee is properly supervised, particularly in respect of junior or less experienced lawyers; and
WHEREAS in view of the proposed distinguished membership of Law Chambers QFCA is of the opinion that the issuance of such waiver would not defeat the purpose for which QFCA Rule 11.3.1(A) was made or create undue risk to persons whose interest the Rule is intended to protect.
IT IS HEREBY DECIDED:
(1) That the requirement of QFCA General Rule 11.3.1(A) is waived in respect of Mr. Qureshi as the Senior Executive of Law Chambers subject to there being no material alteration in the membership or composition of Law Chambers as initially established and Mr. Qureshi's undertaking to spend an appropriate proportion of his time in the State having regard to the responsibilities that the Senior Executive Function entails; and(2) That this waiver shall have no bearing on the decision by the QFC Regulatory Authority in respect of Law Chambers' obligations to comply with the requirements of the QFC Anti-Money Laundering Regulations and Rules issued thereunder.For the QFCA Board on February 21, 2008 at the Qatar Financial Centre, Doha, State of Qatar by
Stuart Pearce, CEO & Director General
Notice of Decision on Modification CW-00136/2020 in relation to LLCs and LLC(G)s Financial Year End
Notice of Decision on Modification under Article 13 of the QFC Authority Regulations 2006.
Applicable To All QFC Limited Liability Companies (LLCs) (including Holding Companies and Single family Offices), and Companies Limited by Guarantee (LLC(G)s, which have their last or current Financial Year End date between 1, October 2019 and May31, 2020 and are required to file Annual Financial Statements. Requested By QFCA’s own initiative Notice No. CW-00136/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 1, June 2020
Expiry Date: This notice expires on 30, November 2020
REGULATION MODIFIED
Article 82(4) Companies Regulations 2005 (the “Regulations”):
(4) Within 6 months from end date of the last or current financial year or July 31, 2020, whichever is later, the accounts for that year shall be:(A) prepared and approved by the directors;(B) examined and reported on by the LLC’s auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors’ report to be written in the English language; and(C) laid before a meeting of the Members together with a copy of the auditors’ report.(5) The LLC or LLC(G) shall file with the CRO within 21 days after the meeting of the Members before which the accounts and auditor’s report were laid, a copy of the accounts and auditor’s report.CONDITIONS
1. The above modification applies only to LLCs and LLC(G)s which have their last or current Financial Year End date between 1, October 2019 and May 31, 2020, and are required to file Annual Financial Statements.2. LLC(G) are not required to appoint auditors or get the accounts audited.NOTE
This modification has been granted by the QFC Authority considering the unprecedented situation prevailing in the State of Qatar, resulting from the 2020 Coronavirus outbreak. This approval should not be taken as a precedent for similar situations in the future.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerNotice of Decision on Modification CW-00135/2020 in relation to LLCs and LLC(G)s Financial Year End
Notice of Decision on Modification under Article 13 of the QFC Authority Regulations 2006.
Applicable To All QFC Limited Liability Companies (LLCs) (including Holding Companies and Single family Offices), and Companies Limited by Guarantee (LLC(G)s, which have their last or current Financial Year End date between 1, June 2020 and 31, July, 2020 and are required to file Annual Financial Statements. Requested By QFCA’s own initiative Notice No. CW-00135/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 1, June 2020
Expiry Date: This notice expires on 31, January 2021
REGULATION MODIFIED
Article 82(4) Companies Regulations 2005 (the “Regulations”):
(4) Within 6 months from end date of the last or current financial year, the accounts for that year shall be:(A) prepared and approved by the directors;(B) examined and reported on by the LLC’s auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors’ report to be written in the English language; and(C) laid before a meeting of the Members together with a copy of the auditors’ report.(5) The LLC or LLC(G) shall file with the CRO within 21 days after the meeting of the Members before which the accounts and auditor’s report were laid, a copy of the accounts and auditor’s report.CONDITIONS
1. The above modification applies only to LLCs and LLC(G)s which have their last or current Financial Year End date between 1, June 2020 and 1, July 2020, and are required to file Annual Financial Statements.2. LLC(G) are not required to appoint auditors or get the accounts audited.NOTE
This modification has been granted by the QFC Authority considering the unprecedented situation prevailing in the State of Qatar, resulting from the 2020 Coronavirus outbreak. This approval should not be taken as a precedent for similar situations in the future.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerNotice of Decision on Modification CW-00136/2020 in relation to LLPs Financial Year End
Notice of Decision on Modification under Article 13 of the QFC Authority Regulations 2006.
Applicable To All QFC Limited Liability Partnerships which have their last or current Financial Year End date between 1, October 2019 and May 31, 2020 and are required to file Annual Financial Statements. Requested By QFCA’s own initiative Notice No. CW-00136/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the QFC Limited Liability Partnership Regulations 2005 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 1, June 2020
Expiry Date: This notice expires on 30, November 2020
REGULATION MODIFIED
Article 32(4) and (5) QFC Limited Liability Partnership Regulations 2005 (the “Regulations”):
(4) Within 6 months from end date of the last or current financial year or July 31, 2020, whichever is later, the accounts for that year shall be:(A) prepared and approved by all the Members; and(B) examined and reported upon by the Limited Liability Partnership’s auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors’ report to be written in the English language(5) A Limited Liability Partnership shall file with the CRO in the Prescribed Form within 21 days after the accounts have been approved by the Members, a copy of the accounts and auditors' report.CONDITIONS
The above modification applies only to QFC Limited Liability Partnerships which have their last or current Financial Year End date between 1, October 2019 and May 31, 2020, and are required to file Annual Financial Statements.
NOTE
This modification has been granted by the QFC Authority considering the unprecedented situation prevailing in the State of Qatar, resulting from the 2020 Coronavirus outbreak. This approval should not be taken as a precedent for similar situations in the future.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerNotice of Decision on Modification CW-00135/2020 in relation to LLPs Financial Year End
Notice of Decision on Modification under Article 13 of the QFC Authority Regulations 2006.
Applicable To All QFC Limited Liability Partnerships which have their last or current Financial Year End date between 1, June, 2020 and 31, July 2020 and are required to file Annual Financial Statements. Requested By QFCA’s own initiative Notice No. CW-00135/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the QFC Limited Liability Partnership Regulations 2005 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 1, June 2020
Expiry Date: This notice expires on 31, January 2021
REGULATION MODIFIED
Article 32(4) and (5) QFC Limited Liability Partnership Regulations 2005 (the “Regulations”):
(4) Within 6 months from end date of the last or current financial year, the accounts for that year shall be:(A) prepared and approved by all the Members; and(B) examined and reported upon by the Limited Liability Partnership’s auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors’ report to be written in the English language(5) A Limited Liability Partnership shall file with the CRO in the Prescribed Form within 21 days after the accounts have been approved by the Members, a copy of the accounts and auditors' report.CONDITIONS
The above modification applies only to QFC Limited Liability Partnerships which have their last or current Financial Year End date between 1, June 2020 and 31, July 2020, and are required to file Annual Financial Statements.
NOTE
This modification has been granted by the QFC Authority considering the unprecedented situation prevailing in the State of Qatar, resulting from the 2020 Coronavirus outbreak. This approval should not be taken as a precedent for similar situations in the future.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerNotice of Decision on Modification CW-00136/2020 in relation to Investment Clubs (IC)s Financial Year End
Notice of Decision on Modification under Article 13 of the QFC Authority Regulations 2006.
Applicable To All QFC Investment Clubs which have their last or current Financial Year End date between 1, October 2019 and May 31, 2020 and are required to file Annual Financial Statements. Requested By QFCA’s own initiative Notice No. CW-00136/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Investment Clubs Regulations, 2016 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 1, June 2020
Expiry Date: This notice expires on 30, November 2020
REGULATION MODIFIED
Article 79(4) and (5) of Investment Clubs Regulations 2016 (the “Regulations”):
(4) Within 6 months from end date of the last or current financial year or July 31, 2020, whichever is later, the accounts for that year shall be:a. prepared and approved by the directors;b. examined and reported on by the Investment Club’s auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors’ report to be written in the English language; andc. laid before a meeting of the Members together with a copy of the auditors’ report.(5) The LLC(IC) shall file with the CRO within 21 days after the meeting of the Members before which the accounts and auditor's report were laid, a copy of the accounts and auditor's report.CONDITIONS
The above modification applies only to All QFC Investment Clubs which have their last or current Financial Year End date between 1, October 2019 and May 31, 2020, and are required to file Annual Financial Statements.
NOTE
This modification has been granted by the QFC Authority considering the unprecedented situation prevailing in the State of Qatar, resulting from the 2020 Coronavirus outbreak. This approval should not be taken as a precedent for similar situations in the future.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerNotice of Decision on Modification CW-00135/2020 in relation to Investment Club (IC)s Financial Year End
Notice of Decision on Modification under Article 13 of the QFC Authority Regulations 2006.
Applicable To All QFC Investment Clubs which have their last or current Financial Year End date between 1, June 2020 and 31, July 2020 and are required to file Annual Financial Statements. Requested By QFCA’s own initiative Notice No. CW-00135/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Investment Clubs Regulations, 2016 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 1, June 2020
Expiry Date: This notice expires on 31, January 2021
REGULATION MODIFIED
Article 79(4) and (5) of Investment Clubs Regulations 2016 (the “Regulations”):
(4) Within 6 months from end date of the last or current financial year, the accounts for that year shall be:a. prepared and approved by the directors;b. examined and reported on by the Investment Club’s auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors’ report to be written in the English language; andc. laid before a meeting of the Members together with a copy of the auditors’ report.(5) The LLC(IC) shall file with the CRO within 21 days after the meeting of the Members before which the accounts and auditor's report were laid, a copy of the accounts and auditor's report.CONDITIONS
The above modification applies only to All QFC Investment Clubs which have their last or current Financial Year End date between 1, June 2020 and 31, July 2020, and are required to file Annual Financial Statements.
NOTE
This modification has been granted by the QFC Authority considering the unprecedented situation prevailing in the State of Qatar, resulting from the 2020 Coronavirus outbreak. This approval should not be taken as a precedent for similar situations in the future.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerNotice of decision on Modification Application CW-00139/2020 Qinvest Capital Partners LLC
Notice of decision on Modification Application
Firm Name Qinvest Capital Partners LLC Firm Number 00602 Notice No. CW-00139/2020 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 28 July 2020.
Expiry Date: This notice expires on 31st December 2020.
REGULATION WAIVE
Article 82(4) and Article 82(5) Companies Regulation 2005 (the “Regulations”).
CONDITIONS
The approval of this waiver cannot be considered as a precedent, and the CR. Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This modification has been granted by the QFC Authority on the facts presented by the Firm and given the recent publication of the CRO late Filing Penalties Guidance. The QFC Authority makes it clear to the Firm that it expects the Firm to be aware of its filing obligations under the Regulations. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerExpired
Qatar Holding LLC (the "Firm")
Notice of decision of Modification Application
Firm Name Qatar Holding LLC (the "Firm") Firm Number 00004 Notice No. CW-00034/2017 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Articles of the Companies Regulations 2005 (the "Regulations") specified below have been modified.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 12th April 2017
Expiry Date: This notice expires on 30th June 2017
REGULATIONS WAIVED
Article 82 of the Regulations:
(4): By the 30th June 2017, to have the accounts for the financial year end:
(A) prepared and approved by the directors;(B) examined and reported on by the Firm's auditors in accordance with the Regulations and any rules made by the QFC Authority, such auditors' report to be written in the English language; and(C) laid before a meeting of the Members together with a copy of the auditors' report.CONDITIONS
NONE
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerQGold LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name QGold LLC (the "Firm") Firm Number 00127 Notice No. CW-00032/2017 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 12th April 2017
Expiry Date: This notice expires on 31st December 2017
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerWakra Holding LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name Wakra Holding LLC (the "Firm") Firm Number 00157 Notice No. CW-00033/2017 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 12th April 2017
Expiry Date: This notice expires on 31st December 2017
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerMAYHOOLA FOR INVESTMENTS (QFC) LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name MAYHOOLA FOR INVESTMENTS (QFC) LLC (the "Firm") Firm Number 00148 Notice No. CW-00029/2017 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 15th February 2017
Expiry Date: This notice expires on 31st December 2017
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerState Bank of India — QFC Branch (the "Firm")
Notice of decision on Modification Application
Firm Name State Bank of India — QFC Branch (the "Firm") Firm Number 00137 Notice No. CW00018/2012 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 14th of June 2012
Expiry Date: This notice will remain in effect until revoked
REGULATION MODIFIED
Article 122(2) Companies Regulations 2005 (the "Regulations"):
If any particulars required by Article 122(1)(A)–(G) and Article 122(1)(I) are altered, the Branch shall give notice in writing to the CRO of the particulars of the alteration within 21 days after the alteration is made on the Prescribed Form together with any Prescribed Fee. If any particulars required by Article 122(1)(H) are altered, the Branch shall give notice in writing to the CRO of the particulars of the alteration within 21 days of the end of the quarter within which the alteration has been made on the Prescribed Form together with any Prescribed Fee for each alteration. For the purposes of this Article a quarter is defined as (i) 31st March; (ii) 30th June; (iii) 30th September; and (iv) 31st December
CONDITIONS: NONE
NOTE
This modification has been granted by the QFC Authority on the facts presented by the Firm. The QFC Authority makes it clear to the Firm that it expects the Firm to be aware of its filing obligations under the Regulations and this approval should not be taken as a precedent for the future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerF3 Holding LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name F3 Holding LLC (the "Firm") Firm Number 00215 Notice No. CW-00018/2016 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 25th April 2016
Expiry Date: This notice expires on 31st December 2016
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerWakra Holding LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name Wakra Holding LLC (the "Firm") Firm Number 00157 Notice No. CW-00019/2016 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 25th April 2016
Expiry Date: This notice expires on 31st December 2016
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerQGold LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name QGold LLC (the "Firm") Firm Number 00127 Notice No. CW-00020/2016 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 25th April 2016
Expiry Date: This notice expires on 31st December 2016
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerMAYHOOLA FOR INVESTMENTS (QFC) LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name MAYHOOLA FOR INVESTMENTS (QFC) LLC (the "Firm") Firm Number 00148 Notice No. CW-00017/2016 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 27th March 2016
Expiry Date: This notice expires on 31st December 2016
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerQInvest Partners LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name QInvest Partners LLC (the "Firm") Firm Number 00107 Notice No. CW-00016/2016 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 22nd March 2016
Expiry Date: This notice expires on 31st December 2016
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Raed Al-Emadi
Chief Commercial OfficerCoutts & Company
QATAR FINANCIAL CENTRE (QFC) AUTHORITY
DECISION
WHEREAS Article 7 of the Law establishing the Qatar Financial Centre Authority ("QFCA"), Law No. 7 of 2005 ("QFC Law"), provides that limited liability companies, partnerships and other types of company or entity may be incorporated or formed in the QFC, pursuant to Regulations enacted by the Minister of Economy and Commerce ("Minister");
WHEREAS the QFC Companies Regulations (Part 6) provide for the registration by the QFC Companies Registration Office ("CRO") of branches of certain limited liability companies ("LLCs") formed outside the QFC, subject to conditions;
WHEREAS to date the QFC has yet to enact Regulations governing unlimited liability companies and such legal structures are not addressed by the QFC Companies Regulations;
WHEREAS Coutts & Company ("CC"), an entity organized as an unlimited liability company under UK Companies Act 1985, has filed an application to establish as a branch in the QFC and to obtain a QFCA license and QFCRA authorization to operate in or from the QFC;
WHEREAS the QFCA under Article 6(5) of the QFC Law may approve, authorize and license persons, companies and other entities to conduct business at the QFC "...(whether by establishing a branch or other business in the QFC or by incorporating or establishing a new company or entity therein)" and Article 6(14) provides that the QFCA has, among other powers, all powers specifically provided for in the QFC Law or otherwise reasonably considered by it to be necessary, desirable or appropriate to achieve, further or assist in relation to its powers set forth in Article 6;
WHEREAS the QFCA understands that CC as a UK unlimited liability company is subject to requirements that are substantially similar to those applicable to UK LLCs and to QFC LLCs;
WHEREAS in respect of the one area of difference (i.e., the general provision that UK unlimited liability companies are exempt from filing audited annual financials) CC has represented that its annual financial statements are prepared and audited in accordance with IFRS, as adopted by the European Union, and are otherwise in accordance with the requirements of UK Companies Act 1985; and
WHEREAS the QFCA is of the view that the absence of QFC Regulations directly applicable to unlimited liability companies should not prohibit the establishment in the QFC of a branch of CC, an unlimited liability company.
IT IS HEREBY DECIDED:
(1) That CC shall be permitted to establish with QFC as a branch of an unlimited liability company and the CRO is instructed to issue the appropriate certificate of registration.(2) That as a condition of the issuance and continued effectiveness of this Decision, CC undertakes to comply with the requirements that otherwise apply to QFC branches of LLCs domiciled outside the QFC as set forth in Part 6 of the QFC Companies Regulations and as otherwise deemed necessary by the QFC CRO and the CRO is hereby authorized to make such determinations for purposes of this Decision.(3) That this Decision shall become effective upon the issuance to CC of: i) a license by the QFCA; and ii) authorization by the QFCRA.Pursuant to authority delegated by QFCA Board Orders of February 25 and May 26, 2007, issued on May 29, 2008 at the Qatar Financial Centre, Doha, State of Qatar by
Jane Kang Thorpe, Chief Legal Officer
QGold LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name QGold LLC (the "Firm") Firm Number 00127 Notice No. CW-00011/2015 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 4th May 2015
Expiry Date: This notice expires on 31st December 2015
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Yousef Al-Jaida
Deputy Chief Executive OfficerWakra Holding LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name Wakra Holding LLC (the "Firm") Firm Number 00157 Notice No. CW-00009/2015 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 4th May 2015
Expiry Date: This notice expires on 31st December 2015
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Yousef Al-Jaida
Deputy Chief Executive OfficerHafez LLC (the “Firm”)
Notice of decision on Waiver Application
Firm Name Hafez LLC (the "Firm") Firm Number 00172 Notice No. CW-00009/2014 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 28th April 2014
Expiry Date: This notice expires on 31st December 2014
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
Ian Anderson
Chief Financial Officer & Director of TaxationQInvest Partners LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name QInvest Partners LLC (the "Firm") Firm Number 00107 Notice No. CW-00003/2015 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 26th March 2015
Expiry Date: This notice expires on 31st December 2015
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQGold LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name QGold LLC (the "Firm") Firm Number 00127 Notice No. CW-00007/2014 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 14 April 2014
Expiry Date: This notice expires on 31st December 2014
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerWakra Holding LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name Wakra Holding LLC (the "Firm") Firm Number 00157 Notice No. CW-00006/2014 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 14th April 2014
Expiry Date: This notice expires on 31st December 2014
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerMAYHOOLA FOR INVESTMENTS (QFC) LLC (the "Firm")
Notice of decision on Waiver Application
Firm Name MAYHOOLA FOR INVESTMENTS (QFC) LLC (the "Firm") Firm Number 00148 Notice No. CW-00004/2014 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 14th April 2014
Expiry Date: This notice expires on 31st December 2014
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQInvest Partners LLC (the “Firm”)
Notice of decision on Waiver Application
Firm Name QInvest Partners LLC (the "Firm") Firm Number 00107 Notice No. CW-00002/2014 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 26th March 2014
Expiry Date: This notice expires on 31st December 2014
REGULATION WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerAl Rayyan Holding LLC (the "Firm")
Notice of decision on Modification Application
Firm Name Al Rayyan Holding LLC (the "Firm") Firm Number 00156 Notice No. CW-00018/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 21st May 2013
Expiry Date: This notice will remain in effect until the 31st December 2013
REGULATIONS WAIVED
Article 82(4) and Article 82(5) Companies Regulations 2005 (the "Regulations"):
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Rules, Financial Services Regulations or Individual Rules 2005 as applicable.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerWoK Holding LLC (the "Firm")
Notice of decision on Modification Application
Firm Name WoK Holding LLC (the "Firm") Firm Number 00158 Notice No. CW-00020/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 21st May 2013
Expiry Date: This notice will remain in effect until the 31st December 2013
REGULATIONS WAIVED
Article 82(4) and Article 82(5) Companies Regulations 2005 (the "Regulations"):
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Rules, Financial Services Regulations or Individual Rules 2005 as applicable.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerWakra Holding LLC (the "Firm")
Notice of decision on Modification Application
Firm Name Wakra Holding LLC (the "Firm") Firm Number 00157 Notice No. CW-00019/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 21st May 2013
Expiry Date: This notice will remain in effect until the 31st December 2013
REGULATIONS WAIVED
Article 82(4) and Article 82(5) Companies Regulations 2005 (the "Regulations"):
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Rules, Financial Services Regulations or Individual Rules 2005 as applicable.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQGold LLC (the "Firm")
Notice of decision on Modification Application
Firm Name QGold LLC (the "Firm") Firm Number 00127 Notice No. CW-00017/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been modified.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 21st May 2013
Expiry Date: This notice will remain in effect until the 31st December 2013
REGULATIONS WAIVED
Article 82(4) and Article 82(5) Companies Regulations 2005 (the "Regulations"):
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Rules, Financial Services Regulations or Individual Rules 2005 as applicable.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerMAYHOOLA FOR INVESTMENTS (QFC) — LLC (the “Firm”)
Notice of decision on Waiver Application
Firm Name MAYHOOLA FOR INVESTMENTS (QFC) — LLC (the "Firm") Firm Number 00148 Notice No. CW-00006/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
The notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 11th February 2013
Expiry Date: This notice expires on 31st December 2013
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQInvest Partners LLC (the “Firm”)
Notice of decision on Waiver Application
Firm Name QInvest Partners LLC (the "Firm") Firm Number 00107 Notice No. CW-00005/2013 THE QFC AUTHORITY HEREBY GIVES NOTICE THAT:
The Article of the Companies Regulations 2005 specified below has been waived.
This notice is issued by the QFC Authority under Article 13 of the QFC Authority Regulations 2006.
Effective Date: This notice comes into effect on 10th February 2013
Expiry Date: This notice expires on 31st December 2013
REGULATIONS WAIVED
Article 82 (4) and Article 82 (5) Companies Regulations 2005 (the "Regulations")
CONDITIONS
Any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving the full reasons for the request and;
The Firm undertakes to the QFC Authority that the first set of accounts be filed with the CRO by the Firm will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.
NOTE
This waiver has been granted by the QFC Authority on the facts presented by the Firm. This approval should not be taken as a precedent for future applications which the QFCA will determine on a case by case basis.
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Regulations.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Regulations.
This notice was issued for and on behalf of the QFC Authority by:
David Dhanoo
Group Chief Legal OfficerQatar Asset Management Company LLC (QFC Licence No: 00133) ("QAMC")
QATAR FINANCIAL CENTRE AUTHORITY
WAIVER DECISION
Re: Qatar Asset Management Company LLC (QFC Licence No: 00133) ("QAMC")
WHEREAS in accordance with Article 13 of the QFC Authority Regulations 2006 (the "QFCA Regulations"), the QFC Authority may, on the Application of a Person in the QFC, or on its own initiative, by means of a written notice, provide that one or more provisions of the QFCA Regulations or other Regulations made by the Minister pursuant to Article 9 of the QFC Law or the Rules made pursuant to Article 12(1) either: (a) shall apply to such Person with such modifications as may be specified in the written notice; or (b)shall not apply in relation to such Person.
WHEREAS Articles 82(4) and 82(5) respectively (the "Articles") of the Companies Regulations 2005 (the "Regulations"), provides that an LLC must: (i) within four months of its financial year end have it accounts prepared and approved by the directors; (ii) have the LLC's auditors examine and report on the accounts in accordance with the Regulations and any rules made by the QFC Authority; (iii) have the accounts laid before the members together with a copy of the auditor's report; and (iv) within 21 days after the meeting of the Members before which the accounts were laid, file the auditor's report and accounts with the Companies Registration Office ("CRO");
WHEREAS QAMC has confirmed by letter dated 18 April 2012 that: (a) it has not since its incorporation on the 28th February, 2011 undertaken any Permitted Activities and therefore as a result it should not be required to comply with the Articles until such time as it commences Permitted Activities; and (b) when it files its first set of accounts with the CRO those accounts will include the period from when it first commences Permitted Activities; such letter hereinafter being referred to as the "Application";
WHEREAS the QFCA has considered the Application and consistent with the requirements of Article 13 of the QFCA Regulations is of the view that: (a) the burden experienced by QAMC in complying with the Articles would significantly outweigh the benefits that the Articles were intended to achieve; or compliance with the Articles would not achieve or further the purpose for which the Articles were made; and (b) the granting of a waiver notice would not result in undue risk to Persons whose interests the Articles were intended to protect;
IT IS HEREBY DECIDED(1) That the requirement that QAMC comply with the provisions of the Articles, is waived until the 31st of December 2012 and any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving full reasons for the request; and(2) That as a condition of the granting of this waiver, QAMC undertakes to the QFC Authority that the first set of accounts to be filed with the CRO by QAMC will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.This waiver is granted pursuant to authority delegated to me by the QFC Authority Board and evidenced by QFCA Board Orders of February 25 and May 26 2007. This waiver is issued on 18 April 2012 and expires on 31st December 2012.
David Dhanoo
Group Chief Legal Officer & Board Secretary
Qatar Financial Centre AuthorityQInvest Partners LLC (QFC Licence No: 00107) ("QIP")
QATAR FINANCIAL CENTRE AUTHORITY
WAIVER DECISION
Re: QInvest Partners LLC (QFC Licence No: 00107) ("QIP")
WHEREAS in accordance with Article 13 of the QFC Authority Regulations 2006 (the "QFCA Regulations"), the QFC Authority may, on the Application of a Person in the QFC, or on its own initiative, by means of a written notice, provide that one or more provisions of the QFCA Regulations or other Regulations made by the Minister pursuant to Article 9 of the QFC Law or the Rules made pursuant to Article 12(1) either: (a) shall apply to such Person with such modifications as may be specified in the written notice; or (b)shall not apply in relation to such Person.
WHEREAS Articles 82(4) and 82(5) respectively (the "Articles") of the Companies Regulations 2005 (the "Regulations"), provides that an LLC must: (i) within four months of its financial year end have it accounts prepared and approved by the directors; (ii) have the LLC's auditors examine and report on the accounts in accordance with the Regulations and any rules made by the QFC Authority; (iii) have the accounts laid before the members together with a copy of the auditor's report; and (iv) within 21 days after the meeting of the Members before which the accounts were laid, file the auditor's report and accounts with the Companies Registration Office ("CRO");
WHEREAS QIP has confirmed by letter dated 15 April 2012 that: (a) it has not since its incorporation on the 14th June, 2009 undertaken any Permitted Activities and therefore as a result it should not be required to comply with the Articles until such time as it commences Permitted Activities; and (b) when it files its first set of accounts with the CRO those accounts will include the period from when it first commences Permitted Activities; such letter hereinafter being referred to as the "Application";
WHEREAS the QFCA has considered the Application and consistent with the requirements of Article 13 of the QFCA Regulations is of the view that: (a) the burden experienced by QIP in complying with the Articles would significantly outweigh the benefits that the Articles were intended to achieve; or compliance with the Articles would not achieve or further the purpose for which the Articles were made; and (b) the granting of a waiver notice would not result in undue risk to Persons whose interests the Articles were intended to protect;
IT IS HEREBY DECIDED(1) That the requirement that QIP comply with the provisions of the Articles, is waived until the 31st of December 2012 and any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving full reasons for the request; and(2) That as a condition of the granting of this waiver, QIP undertakes to the QFC Authority that the first set of accounts to be filed with the CRO by QIP will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.This waiver is granted pursuant to authority delegated to me by the QFC Authority Board and evidenced by QFCA Board Orders of February 25 and May 26 2007. This waiver is issued on 17 April 2012 and expires on 31st December 2012.
David Dhanoo
Group Chief Legal Officer
Qatar Financial Centre AuthorityQGold (QFC Licence No: 00127) ("QGold")
QATAR FINANCIAL CENTRE AUTHORITY
WAIVER DECISION
Re: QGold (QFC Licence No: 00127) ("QGold")
WHEREAS in accordance with Article 13 of the QFC Authority Regulations 2006 (the "QFCA Regulations"), the QFC Authority may, on the Application of a Person in the QFC, or on its own initiative, by means of a written notice, provide that one or more provisions of the QFCA Regulations or other Regulations made by the Minister pursuant to Article 9 of the QFC Law or the Rules made pursuant to Article 12(1) either: (a) shall apply to such Person with such modifications as may be specified in the written notice; or (b)shall not apply in relation to such Person.
WHEREAS Articles 82(4) and 82(5) respectively (the "Articles") of the Companies Regulations 2005 (the "Regulations"), provides that an LLC must:(i) within four months of its financial year end have it accounts prepared and approved by the directors; (ii) have the LLC's auditors examine and report on the accounts in accordance with the Regulations and any rules made by the QFC Authority; (iii) have the accounts laid before the members together with a copy of the auditor's report; and (iv) within 21 days after the meeting of the Members before which the accounts were laid, file the auditor's report and accounts with the Companies Registration Office ("CRO");
WHEREAS QGold has confirmed by letter dated 16 February 2012 that: (a) it has not since its incorporation on the 05th January 2011 undertaken any Permitted Activities and therefore as a result it should not be required to comply with the Articles until such time as it commences Permitted Activities; and (b) when it files its first set of accounts with the CRO those accounts will include the period from when it first commences Permitted Activities; such letter hereinafter being referred to as the "Application";
WHEREAS the QFCA has considered the Application and consistent with the requirements of Article 13 of the QFCA Regulations is of the view that: (a) the burden experienced by QGold in complying with the Articles would significantly outweigh the benefits that the Articles were intended to achieve; or compliance with the Articles would not achieve or further the purpose for which the Articles were made; and (b) the granting of a waiver notice would not result in undue risk to Persons whose interests the Articles were intended to protect;
IT IS HEREBY DECIDED(1) That the requirement that QGold comply with the provisions of the Articles, is waived until the 31st December 2012 and any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving full reasons for the request; and(2) That as a condition of the granting of this waiver, QGold undertakes to the QFC Authority that the first set of accounts to be filed with the CRO by QGoldwill include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.This waiver is granted pursuant to authority delegated to me by the QFC Authority Board and evidenced by QFCA Board Orders of February 25 and May 26 2007. This waiver is issued on 11 April 2012 and expires on 31st December 2012.
David Dhanoo
Group Chief Legal Officer
Qatar Financial Centre AuthorityQInvest Partners LLC (QFC Licence No: 00107)
QATAR FINANCIAL CENTRE AUTHORITY
WAIVER DECISION
Re: QInvest Partners LLC (QFC Licence No: 00107)
WHEREAS in accordance with Article 13 of the QFC Authority Regulations 2006 (the "QFCA Regulations"), the QFC Authority may, on the Application of a Person in the QFC, or on its own initiative, by means of a written notice, provide that one or more provisions of the QFCA Regulations or other Regulations made by the Minister pursuant to Article 9 of the QFC Law or the Rules made pursuant to Article 12(1) either: (a) shall apply to such Person with such modifications as may be specified in the written notice; or (b)shall not apply in relation to such Person.
WHEREAS Articles 82(4) and 82(5) respectively (the "Articles") of the Companies Regulations 2005 (the "Regulations"), provides that an LLCmust:(i) within four months of its financial year end have it accounts prepared and approved by the directors; (ii) have the LLC's auditors examine and report on the accounts in accordance with the Regulations and any rules made by the QFC Authority; (iii) have the accounts laid before the members together with a copy of the auditor's report; and (iv) within 21 days after the meeting of the Members before which the accounts were laid,file the auditor's report and accounts with the Companies Registration Office ("CRO");
WHEREAS QInvest Partners LLC ("QIP") has confirmed by letter dated 24 May 2011 that: (a) it has not since its incorporation on the 14th June 2009 undertaken any Permitted Activities and therefore as a result it should not be required to comply with the Articles until such time as it commences Permitted Activities; and (b) when it files its first set of accounts with the CRO those accounts will include the period from when it first commences Permitted Activities; such letter hereinafter being referred to as the "Application";
WHEREAS the QFCA has considered the Application and consistent with the requirements of Article 13 of the QFCA Regulations is of the view that: (a)the burden experienced by QIP in complying with the Articles would significantly outweigh the benefits that the Articles were intended to achieve; or compliance with the Articles would not achieve or further the purpose for which the Articles were made; and (b) the granting of a waiver notice would not result in undue risk to Persons whose interests the Articles were intended to protect;
IT IS HEREBY DECIDED
(1) That the requirement that QIP comply with the provisions of the Articles, is waived until the 31st December 2011 and any further extension of time must be made by way of a new waiver application in writing to the QFC Authority giving full reasons for the request; and(2) That as a condition of the granting of this waiver, QIP undertakes to the QFC Authority that the first set of accounts to be filed with the CRO by QIP will include the period from its incorporation up to and including the date of the financial year end immediately preceding the date of filing of the accounts.This waiver is granted pursuant to authority delegated to me by the QFC Authority Board and evidenced by QFCA Board Orders of February 25 and May 26 2007. This waiver is issued on 13 June 2011 and expires on 31st December 2011.
David Dhanoo
Group Chief Legal Officer
Qatar Financial Centre AuthorityClyde & Co
QATAR FINANCIAL CENTRE AUTHORITY
DECISION
WHEREAS Article 7 of the Law establishing the Qatar Financial Centre ("QFC"), Law No. 7 of 2005 ("QFC Law"), provides that limited liability companies, partnerships and other types of company or entity may be incorporated or formed in the QFC, pursuant to Regulations enacted by the Minister of Economy and Commerce ("Minister");
WHEREAS each of the QFC Limited Liability Companies ("LLC") Regulations (Part 6) and the Limited Liability Partnership ("LLP") Regulations (Part 10) provide for the registration by the QFC Companies Registration Office of branches of certain LLCs and LLPs formed outside the QFC, subject to conditions;
WHEREAS to date the QFC Authority ("QFCA") has yet to approve for enactment by the Minister QFC Partnership Regulations;
WHEREAS Clyde & Co, a UK Partnership operating as a law firm has filed an application to establish a branch in the QFC and to obtain a QFCA license to operate in or from the QFC;
WHEREAS the QFCA under Article 6(14) has, among other powers, all powers specifically provided for in the QFC Law or otherwise reasonable considered by it to be necessary, desirable or appropriate to achieve, further or assist in relation to its powers set forth in Article 6;
WHEREAS the QFCA Board is of the view that the absence of QFC Partnership Regulation should not prohibit the establishment in the QFC of a branch of Clyde & Co UK or of other branches of partnerships domiciled outside the QFC that comply with applicable partnership laws in their home jurisdictions that the QFCA determines are consistent with, and further the aims of, the QFC Law;
IT IS HEREBY DECIDED
(1) pending the enactment of QFC Partnership Regulations, that QFCA shall permit branches of partnerships domiciled outside the QFC to be established in the QFC and licensed by the QFCA provided that:(a) the QFCA determines the partnership laws of the jurisdiction of domicile of the partnerships are consistent with, and further the aims of, the QFC Law;(b) the branches consent to comply with, and otherwise satisfy the requirements that otherwise apply to, QFCA branches of LLCs and LLPs domiciled outside the QFC as set forth in Part 6 of the QFC LLC Regulations and Part 10 of the LLP Regulations; and(c) the branch consents to comply with and does comply with any other conditions deemed necessary by QFCA; and(2) that the QFCA Board hereby delegates to the QFCA Director General/Chief Executive Board hereby delegates to the QFCA Director General/Chief Executive the authority to exercise the powers set forth in paragraph (1) above, subject to the requirements of the QFCA Governance Resolution of 2 May 2006.For the QFCA Board on 28th September 2006 at the Qatar Financial Centre, Doha, State of Qatar by
Jane Kang Thorpe, Board Secretary
Revoked
PwC-MM Audit Waiver
QATAR FINANCIAL CENTRE (QFC) AUTHORITY
DECISION
WHEREAS Article 86 of the QFC Companies Regulation (Regulations) provides among other things that a QFC limited liability company (LLC) shall appoint one or more auditors or a firm of auditors who shall examine and report on the LLC's accounts in accordance with the Regulations; and
WHEREAS PricewaterhouseCoopers (PWC) by application dated June 16, 2006 and subsequent letter dated April 9, 2008 has requested a waiver of the requirement to appoint such auditor on the following basis: "As per our past experience in conducting similar activities in other jurisdictions, especially in the Middle East, we are not required to appoint an external auditor, consequently [our] financial statements are not audited by an external auditor..."; and
WHEREAS by letter dated May 13, 2007 Morison Menon Chartered Accountants LLC (Morison Menon) requested an identical waiver of the requirements of Article 86 of the Regulations; and
WHEREAS the QFC Regulatory Authority (QFCRA) has confirmed that it has no objection to the QFCA granting the requested waivers; and
WHEREAS the QFCA Board is of the view that this waiver is otherwise in accordance with the requirements of the QFC Law and regulations issued thereunder.
IT IS HEREBY DECIDED:
(1) that the requirement that PwC and Morison Menon comply with the provisions of Article 86 of the Regulations and any relevant consequential obligations arising under the QFC Companies Regulations, is waived; and(2) until such time as the Regulations or related rules are amended to codify this waiver, that the Board hereby delegates to the QFCA Executive and otherwise consistent with the QFCA Board governance arrangements on the exercise of delegated powers, the authority to grant similar waivers to other QFC Audit Firms concerning the Regulations or any similar provisions in any other QFC regulations.For the QFCA Board on October 23, 2008 at the Qatar Financial Centre, Doha, State of Qatar by
Jane Kang Thorpe, Board Secretary
Revocation Notices
QFCRA/QFCA
Statement by the QFC Authority.
Please take notice that pursuant to a QFCA Board Decision issued on May 1, 2007 any QFCRA Waivers and Modifications appearing under this dual QFCRA / QFCA Waiver and Modification section take effect as applying to the relevant and corresponding Regulations or Rules imposed by the QFCA
In Force
There are no Current Waivers in force.
Expired
W0030/07 – Global Investment House (Qatar) LLC
NOTICE OF RULE MODIFICATION
Firm Global Investment House (Qatar) LLC Address Office 1501, MEC Building Doha, Qatar QFC No. 00011 Notice No. W 0030/07 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 1 July 2007 and expires on 30 April 2008 at 5pm.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.4.1 substitute the following:
9.4.1(1) Within four months of 31 December 2007, an Authorised Firm must:(A) have its accounts and financial statement examined and reported upon by the Authorised Firm's auditor in accordance with the requirements of the Companies Regulations or Limited Liability Partnership Regulations and this chapter; and(B) file a copy of the financial statements and auditor's report with the Regulatory Authority.(2) For the purposes of subrule (1), the auditors report and financial statements must cover the period from 28 June 2006 to 31 December 2007.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 June 2007
W0011/08 – TAIB Bank Qatar LLC (Expired)
NOTICE OF RULE MODIFICATION
Firm TAIB Bank Qatar LLC Address TAIB Tower, Diplomatic Area, P.O. Box 20485, Manama — Bahrain QFC No. 00049 Notice No. W 0011/08 THE QFC REGULATORY AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein have been modified in their application to the above mentioned Person.
This notice is issued by the QFC Regulatory Authority under Article 16 of the QFC Financial Services Regulations 2005.
Effective Date: This notice comes into effect on 27 March 2008 and expires on 30 April 2009.
RULES MODIFIED
The General Rulebook (GENE) applies to the above mentioned Person, with the following modification:
For Rule 9.4.1 substitute the following:
9.4.1
(1) Within four months after 31 December 2008, an Authorised Firm must:(A) have its accounts and financial statement examined and reported upon by the Authorised Firm's auditor in accordance with the requirements of Companies Regulations or Limited Liability Partnership Regulations and this chapter; and(B) file a copy of the financial statements and auditor's report with the Regulatory Authority.(2) For the purposes of subrule (1), the auditors report and financial statements must cover the period from 16 May 2007 to 31 December 2008.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed as if these provisions are provisions of the Rulebooks.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Interpretation and Application Rulebook (INAP). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Phillip Thorpe
Chairman and Chief Executive Officer26 March 2008
W0024/11 – Baker & McKenzie LLP
WAIVER NOTICE
Firm Baker & McKenzie LLP Address Office suite no. 817, 8th floor, Al-Fardan Office Tower, Doha, Qatar QFC No. 00138 Notice No. W 0024/11 Financial Service Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 17 October 2011.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 17 April 2011W0038/11 – Moore Stephens Services (Qatar) LLC
WAIVER NOTICE
Firm Moore Stephens Services (Qatar) LLC Address Qatar Financial Centre Tower, Business Centre, Office 2, 1st floor, Diplomatic
Area, West Bay, Doha, QatarQFC No. 00104 Notice No. W 0038/11 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of the Anti Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 17 January 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropiate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Deputy Chief Executive Officer
Date: 17 July 2011W0016/12 – Kane LLC
WAIVER NOTICE
Firm Kane LLC Address Qatar Financial Centre, Office #12, First Floor, QFC Tower 1, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00121 Notice No. W 0016/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on the day it is signed and, unless revoked earlier, expires on 25 October 2012.
3 Conditions
None
Michael G Ryan
Chief Executive Officer
Date: 26 April 2012Revoked
W0003/12 – Moore Stephens Services (Qatar) LLC
WAIVER NOTICE
Firm Moore Stephens Services (Qatar) LLC Address Qatar Financial Centre Tower, Business Centre, Office 2, 1st floor, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00104 Notice No. W 0003/12 Financial Services Regulations, article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 18 January 2012 and, unless revoked earlier, expires on 18 July 2012.
3 Condition
This notice is given subject to the condition that the firm's money laundering reporting officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.
Michael G Ryan
Acting Chief Executive Officer
Date: 16 January 2012W0030/12 – Moore Stephens Services (Qatar) LLC
WAIVER NOTICE
Firm Moore Stephens Services (Qatar) LLC Address Qatar Financial Centre, Office 701, 7th Floor, QFC Tower, Diplomatic Area, West Bay, Doha, Qatar QFC No. 00104 Notice No. W 0030/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 5 August 2012 and unless revoked earlier, expires on 4 August 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a bi-annual basis. Reporting should commence on 1 December 2012 and 1 June 2013 respectively.Michael G Ryan
Chief Executive Officer
Date: 5 August 2012W0035/12 – DLA Piper Middle East LLP
WAIVER NOTICE
Firm DLA Piper Middle East LLP Address Qatar Financial Centre, 11th Floor, Al Fardan Tower — Office, 61 Al Funduq Street, West Bay, Doha, Qatar QFC No. 00077 Notice No. W 0035/12 Financial Service Regulations, Article 16(1)(B)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2(2)2 Commencement
This notice commences on 13 September 2012 and, unless revoked earlier, expires on 12 March 2013.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on a semi-annual basis.Michael G Ryan
Chief Executive Officer
Date: 13 September 2012W0046/12 – WongPartnership LLP
WAIVER NOTICE
Firm WongPartnership LLP Address Qatar Financial Centre, Office 1220, 12th Floor, Amwal Tower, West Bay, Doha, Qatar QFC No. 00047 Notice No. W 0046/12 Financial Services Regulations, Article 16(1)(b)
1 Waiver
The following provision of Anti-Money Laundering and Combating Terrorist Financing Rules 2010 does not apply in relation to the firm:
• Rule 2.3.2.(2)2 Commencement
This notice commences on 20 December 2012 and, unless revoked earlier, expires on 19 December 2014.
3 Conditions
A. The firm's Money Laundering Reporting Officer spends an appropriate amount of time (having regard to the responsibilities of the role) in Qatar exercising the role.B. The firm's Money Laundering Reporting Officer submits a non-resident MLRO report on an annual basis.Michael G Ryan
Chief Executive Officer
Date: 20 December 2012Revocation Notices
QFC Legislation