Qatar Financial Market Authority Decision No. 1/2021

Concerning the Amendment of Some Provisions of Margin Trading Rules issued by the Qatar Financial Market Authority Decision No. 4/2019

The Board of Directors,

Having considered Qatar Law No. 8/2012 of Qatar Financial Markets Authority; as amended by Decree-Law No. (22) Of 2018,

The Qatar Financial Market Authority Decision No. 4/2019 Concerning the Issuance of Margin Trading Rules;

Regulations and Rules issued by the QFMA;

Qatar Stock Exchange Rulebook;

After coordination with Qatar Central Bank;

Proposal of the QFMA’s Chief Executive Officer;

QFMA’s Board approval at its 1st meeting of 2021 on 3rd of March 2021;

And as required by the public interest,

We have decided the following:

Article 1

The provisions of Article (11 item 5) of Decision No. (4) of 2019 mentioned above, shall be replaced with the following:

The Initial Margin shall not be less than (50%) of the market value of the securities to be traded via Margin Trading.

Article 2

All competent authorities, each within its jurisdiction, shall implement this decision. The decision shall be effective from the date of issuance and shall be published in the Official Gazette.