Article 12

(1) Without prejudice to any other penalty, the QFC Authority may impose a financial penalty on any person who contravenes any of the provisions of these Regulations of an amount no less than QAR 500,000 and no more than QAR 10,000,000.
(2) Without prejudice to any other penalty, if a QFC Company contravenes any of the provisions of these Regulations, the QFC Authority will direct the QFC Company to take remedial action.
Inserted (as from 6th July 2021).