To: All Financial Institutions operating in Qatar

Subject: Emergency procedures to combat the spread of Covid-19

Within QCB's concern to urge all the licensed financial institutions to comply with the precautionary measures and preparations to limit the spread of COVID-19 virus, and to adhere to the instructions and guidelines of the Ministry of Public Health published on media and social media, all financial institutions operating in Qatar shall comply with the following:

1. Review and activate business continuity plans in anticipation of interruption to the usual business activities in every financial institution according to the instructions and guidelines issued by QCB and in accordance with any directives issued by the official authorities in the State.

2. Evaluate business continuity plans according to the emerging scenarios from the stages of the pandemic and the potential business risks.

3. Evaluate the ability to implement the scenarios established during appropriate stages to ensure that business continuity in accordance with each of scenarios in a manner that would ensures that there would not be any significant interruption to business occurs at any time.