CTRL 4.1.1 Guidance
1 FSR article 31 provides that, subject to that article, the Regulatory Authority may:
(a) impose or vary such conditions, restrictions and requirements on an authorisation as the Authority considers appropriate; or
(b) require a person specified in the condition, restriction or requirement to take or refrain from taking such action as the Authority considers appropriate.
2 For this Part, the powers in FSR article 31 enable the Authority, for example, to direct a firm:
• to appoint, to exercise a controlled function, an individual who is ordinarily resident in Qatar even if this Part does not require the individual to be so resident
• to appoint an individual to exercise a controlled function even if this Part does not require the firm to have such an individual.
|Derived from QFCRA RM/2020-4 (as from 1st July 2021)|