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Article 28 - Definitions

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

 

Applicant a Person submitting an Application
Application an application :
(A) for a Licence or variation or withdrawal of a Licence under Part 4 of these Regulations;
(B) for an approval of a Person to undertake a specified function under Rules made under these Regulations including the appointment of a Person as a Key Person or Interest Holder; or
(C) for Guidance or a waiver (or revocation or variation of a waiver) of Rules as the context requires
Authorised Firm a body corporate, partnership or un-incorporated association which has been granted and continues to hold an Authorisation granted by the Regulatory Authority
Board the Board of Directors of the QFC Authority
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
Confidential Information information of a confidential nature received by the QFC Authority in the exercise of its functions other than information:
(A) which was, prior to such receipt, in the public domain or which has come into the public domain other than as a result of a contravention of Article 16;
(B) is a summary, collation, redaction or statistical representation or analysis of information from which it is not possible to ascertain that it relates to a particular Person
Council of Ministers the Council of Ministers of the State
CRO the Companies Registration Office established pursuant to Article 7 of the QFC Law
Data Protection 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 processing of personal data in the QFC
Director General the Director General of the QFC Authority
Employment Regulations Regulations enacted or to be enacted by the Minister pursuant to the QFC Law relating to employers and employees in the QFC
Entity a body corporate or partnership or un-incorporated association carrying on a trade or business with a view to profit
Establishment the head office, a branch or permanent place of business of an Entity
Guidance guidance issued, or to be issued, by the QFC Authority under Article 14
Immigration Regulations Regulations enacted or to be enacted by the Minister pursuant to the QFC Law relating to the entry into the State and sponsorship of Persons in the QFC
Interest Holder has the meaning given in QFCA Rule 13.3
Key Person has the meaning given in QFCA Rule 13.3
Licence a licence, approval or authorisation to operate in the QFC issued by the QFC Authority pursuant to Article 11.1 of the QFC Law
Licensed Firm a body corporate, partnership or unincorporated association which has been granted and continues to hold a Licence granted by the QFC Authority
LLP Regulations Regulations enacted or to be enacted by the Minister pursuant to the QFC Law relating to the incorporation of Limited Liability Partnerships and related requirements and procedures
Minister the Minister of Economy and Commerce of the State
Permitted Activities the activities listed in Schedule 3 of the QFC Law or designated by the Council of Ministers under Article 10(1) of the QFC Law
Person includes a natural or legal person, body corporate, or body unincorporate, including a branch, company, partnership, unincorporated association or other undertaking, government or state
QFC the Qatar Financial Centre
QFC Authority or QFCA the Qatar Financial Centre Authority established pursuant to Article 3 of the QFC Law
QFC Institution the QFC Companies Registration Office and any arbitral body or other institution or body created under Article 6 or Article 9 of the QFC Law
QFC Law Law No. (7) of 2005 of the State
Regulated Activities has the meaning set out in Article 23 of the Financial Services 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
Related Regulations any Regulations conferring powers, duties or functions on the QFC Authority or with respect to which the QFC Authority has powers, duties or functions (whether by virtue of delegation, assignment or otherwise)
Rules Rules made by the QFC Authority pursuant to these Regulations or any other Regulation pursuant to which the QFC Authority has power to make rules, including, where the context permits, standards, principles and codes of practice
State the State of Qatar
TDR Regulations Regulations enacted or to be enacted by the Minister pursuant to the QFC Law relating to the Tribunal and the resolution of disputes
Tribunal the tribunal to be established or established pursuant to the TDR Regulations
Amended (as from 6th April 2022).