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  • Part 15: Part 15: Interpretation and Definitions

    • Article 73 - Interpretation

      (1) In these Regulations, a reference to:
      (A) a provision of any law or regulation includes a reference to that provision as amended or re-enacted from time to time;
      (B) an obligation to publish or cause to be published a particular Document shall, unless expressly provided otherwise in these Regulations, include publishing or causing to be published in printed or electronic form;
      (C) a calendar year shall mean a year of the Gregorian calendar;
      (D) a month shall mean a month of the Gregorian Calendar;
      (E) the masculine gender includes the feminine and neuter;
      (F) writing includes any form of representing or reproducing words in legible form; and
      (G) references to a person includes any natural or juridical person, Body Corporate, or body unincorporated, including a branch, company, partnership, unincorporated association, government or state.
      (2) The headings in these Regulations shall not affect their interpretation.
      (3) A reference in these Regulations to a Part, Article or Schedule by number only, and without further identification, is a reference to a Part, Article or Schedule of that number in these Regulations.
      (4) A reference in these Regulations to a Schedule, an Article or a Part using a short form description of such Schedule, Article or Part in parenthesis are for convenience only and the short form description shall not affect the construction of the Article or Part to which it relates.
      (5) A reference in these Regulations to a Schedule, an Article or a Part using a short form description of such Schedule, Article or Part in parenthesis are for convenience only and the short
      (6) A reference in an Article or other division of these Regulations to a paragraph, subparagraph or Article by number or letter only, and without further identification, is a reference to a paragraph, sub-paragraph or Article of that number or letter contained in the Article or other division of these regulations in which that reference occurs.
      (7) Each of the Schedules to these Regulations shall have effect as if set out in these Regulations and references to these Regulations shall include reference to the Schedules.
      (8) Any reference in these Regulations to "include", "including", "in particular" "for example", "such as" or similar expressions shall be considered as being by way of illustration or emphasising only and are not to be construed so as to limit the generality of any words preceding them.

    • Article 74 - Definitions

      The following words and phrases shall where the context permits have the meaning shown against each of them:

      Address in relation to a Member of a Limited Liability Partnership means:
      (A) if an individual, his usual residential address; and
      (B) if an Entity, its registered or principal office
      Authorised Firm a person that has been granted an authorisation in accordance with Part 5 of the Financial Services Regulations
      Body Corporate any body corporate, whether incorporated or constituted in the QFC or elsewhere
      Branch a branch of a Non-QFC Limited Liability Partnership registered in the QFC under these Regulations or any other Regulations
      Business includes every trade, profession and occupation
      Companies Regulations Regulations enacted or to be enacted by the Minister pursuant to the QFC Law relating to the incorporation of Companies and related requirements and procedures
      Council of Ministers the Council of Ministers of the State
      CRO the Companies Registration Office established pursuant to Article 7 of the QFC Law
      Designated Member shall be construed in accordance with Article 15 of these Regulations
      Document includes any document in writing, including, where permitted, a document in writing in electronic form
      Entity a Body Corporate or partnership or unincorporated association carrying on Business with a view to a profit
      IFRS International Financial Reporting Standards
      Incorporation Document shall be construed in accordance with Article 9 of these Regulations
      Liabilities includes any amount reasonably necessary to retain for the purpose of providing for any liability or loss which is either likely to be incurred or certain to be incurred but uncertain as to the amount or as to the date on which it will arise
      Limited Liability Partnership a limited liability partnership incorporated under these Regulations
      Limited Liability Partnership Agreement in relation to a Limited Liability Partnership means any agreement express or implied between the Members of the Limited Liability Partnership or between the Limited Liability Partnership and the Members of the Limited Liability Partnership which determines the mutual rights and duties of the Members, and their rights and duties in relation to the Limited Liability Partnership
      Member a member of a Limited Liability Partnership as defined in Article 11 of these Regulations
      Minister the Minister of Economy and Commerce of the State
      Name in relation to a Member of a Limited Liability Partnership, means:
      (A) if an individual, his forename and surname (or, in the case of a person usually known by a title, his title instead of or in addition to either or both of his forename and surname); and
      (B) if an Entity, its corporate name or firm name
      Non-QFC Limited Liability Partnership a body incorporated or otherwise established outside the QFC and whose name under its law of incorporation or establishment includes the words "Limited Liability Partnership"
      Prescribed Fee a fee prescribed in rules made by or approved by the QFC Authority
      Prescribed Form a form prescribed by or approved by the QFC Authority
      Principal Representative a person appointed under Article 45(2)(A) of these Regulations
      QFC the Qatar Financial Centre
      QFC Authority the Qatar Financial Centre Authority established pursuant to Article 3 of the QFC Law
      QFC Civil and Commercial Court The civil and commercial court established by the QFC Law
      QFC Law Law No.(7) of 2005 of the State (as amended)
      Records Documents and other records however stored
      Registrar the Registrar of the CRO appointed under Article 13 of the Companies Regulations
      Regulations Regulations enacted by the Minister in accordance with Article 9 of the QFC Law
      Regulatory Authority the Regulatory Authority of the QFC established pursuant to Article 8 of the QFC Law
      Regulatory Tribunal the tribunal established by the QFC Law
      Security Regulations Regulations enacted or to be enacted by the Minister pursuant to the QFC Law relating to the giving and taking of security
      Schedule a schedule to these Regulations
      State the State of Qatar
      UK GAAP generally accepted accounting principles in the United Kingdom
      US GAAP generally accepted accounting principles in the United States of America


      Amended by QFCA RM2012-1 (as from 11th April 2012)