Part 1: Part 1: Application, Commencement and Interpretation
Article 1 - Citation
These
Regulations may be referred to as the Companies Regulations 2005.Article 2 - Application
These
Regulations are made by theMinister pursuant to Article 9 of the QFC Law and shall apply in theQFC . To the fullest extent permitted by theQFC Law , the laws, rules and regulations of theState concerning companies and branches or offices of foreign companies and investments therein, including without limitation the Commercial Companies Law No.(5) of 2002 and the Foreign Investment Law No.(13) of 2000, shall not apply in theQFC .Article 3 - Commencement
These
Regulations shall come into force on the date of their signature by theMinister .Article 4 - Language
In accordance with Article 9 of the QFC Law, these
Regulations are written in the English language and the English text thereof shall be the official original text. Any translation thereof into another language shall not be authoritative and in the event of any discrepancy between the English text of theseRegulations and any other version, the English text shall prevail.Article 5 - Interpretation
Words and expressions used in these
Regulations and interpretative provisions applying to theseRegulations are set out in Part 14.Article 5A - Power of QFC Authority and QFC Regulatory Authority to make rules
The
QFC Authority and theQFC Regulatory Authority , each within the scope of their jurisdiction, authority or powers conferred upon them may make rules to the extent set out in theQFC Law , theseRegulations and any otherRegulations conferring powers, duties and functions on theQFC Authority andQFC Regulatory Authority as they deem necessary or appropriate to implement, carry out or enforce theseRegulations .Amended (as from 5th April 2015).