• General Rule 3. General Rule 3. General Provisions

    • General Rule 3.1 Application

      This General Rule 3 applies to a Licensed Firm and where specified, to an Authorised Firm in respect of a Relevant Requirement.

    • General Rule 3.2 General Rule 3.2 Disclosure of Licensed Status

      • General Rule 3.2.1

        A Licensed Firm must not misrepresent its status expressly or by implication.

      • General Rule 3.2.2

        (A) A Licensed Firm must take reasonable care to ensure that all business documents in connection with the carrying on of Non-Regulated Activities in or from the QFC include one of the disclosures in General Rule 3.2.2(C).
        (B) The expression "business documents":
        (i) 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
        (ii) does not include compliment slips, account statements or text messages.
        (C) The disclosure required under this General Rule is:
        (i) "Licensed by the Qatar Financial Centre Authority"; or
        (ii) "Licensed by the QFCA".
        (D) The QFCA logo must only be reproduced with the express written permission of the QFCA and in accordance with any conditions for use issued from time to time.
        Amended (as from 23rd September 2014)

    • General Rule 3.3 General Rule 3.3 Communication with the QFCA and the CRO

      Amended (as from 23rd September 2014)

      • General Rule 3.3.1

        Without prejudice to any other provision of these Rules all communications made by a Licensed or Authorised Firm to the QFCA or the CRO whether pursuant to any Regulations, Rules, or otherwise shall be made by an employee (officer or otherwise) of the Licensed or Authorised Firm authorised to make such communication to the QFCA or the CRO and shall be in English unless otherwise permitted by the QFCA or the CRO.

        All internal procedures, records or other documentation created by the Licensed or Authorised Firm shall be in English.

        Amended (as from 23rd September 2014)

      • General Rule 3.3.2

        (A) The QFCA may operate an electronic submission system (Electronic System) to allow Licensed Firms, Authorised Firms, or other Persons approved in writing by the QFCA (Registered Users) to communicate with it or with the CRO, to produce documents and information in an electronic form. The QFCA may issue instructions for, amongst other things:
        (i) access to, guidelines concerning and the use of the Electronic System;
        (ii) QFCA's approval of any individuals nominated to access and use the Electronic System on behalf of a Registered User;
        (iii) withdrawal of access to Registered Users or any individual previously approved to access and use the Electronic System on behalf a Registered User; and
        (iv) measures that the QFCA considers necessary or desirable to maintain the integrity and security of the Electronic System.
        (B) The Registered User must ensure that:
        (i) only suitable individuals have access to the Electronic System;
        (ii) individuals who have access to the Electronic System follow the usage instructions and use the Electronic System properly;
        (iii) it has adequate policies, procedures, systems and controls to comply with this Rule 3.3; and keep necessary records; and
        (iv) it and its directors, officers, employees, agents and contractors do not do, or fail to do, anything that compromises the integrity or security of the Electronic System.
        (C) If a communication is made to the QFCA or the CRO using the Electronic System, the communication will be deemed to have been made at the time it is received by the QFCA or the CRO; and for the purposes of these Rules, to have been Signed and made in writing.
        (D) This rule is additional to, and does not limit, the generality of Rule 3.3.1 (Communication with the QFCA and the CRO), any other provision of these Rules or any other Rules.
        Amended (as from 23rd September 2014)

    • General Rule 3.4 Complaints against the QFCA

      Without prejudice to the rights set out at Article 25 of the QFCA Regulations, the QFCA shall make arrangements for the prompt, efficient, impartial and independent investigation of complaints made against it arising out of the exercise, or failure to exercise, any of its functions under Articles 19 or 21 of the QFCA Regulations.

    • General Rule 3.5 General Rule 3.5 Registers of Public Information

      • General Rule 3.5.1

        The QFCA shall make public its register of Licensed Firms licensed to conduct Non-Regulated Activities including a register of individuals undertaking a Registered Function at a Licensed Firm.

      • General Rule 3.5.2

        The QFCA registers will be maintained in electronic form in English and extracts of the registers will also be made available at the premises of the QFCA during normal business hours, upon application and payment of the prescribed fee set forth in Schedule 4 (Fees) or otherwise prescribed by notice.

    • General Rule 3.6 Provision of Information

      An extract of information from the registers maintained by the QFCA under General Rule 3.5, in relation to any particular Licensed Firm and individuals undertaking Registered Functions, upon application and payment of the prescribed fee, is prima facie evidence of the matters stated in it.