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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)