Qatar Financial Markets Authority Board Decision No. 3/2016
Concerning the Amendment of Some Provisions of Qatar Financial Markets Authority Board Decision No. 6/2014 Issuing Margin Trading Rules
Type
Regulatory
Agency
Qatar Financial Markets Authority
Issued on
21 Jul 2016 (corresponding to 16 Shawwal 1437 H)
Jurisdiction
Qatar
Taxonomy
Trade & Freedom to Trade, Regulation & Offences
Copyright
LexisNexis
The Board of Directors,
Having considered Qatar Law No. 8/2012 of Qatar Financial Markets Authority;
Qatar Financial Markets Authority Board Decision No. 6/2014 concerning the Issuance of Margin Trading Rules;
Proposal of the QFMA's Chief Executive Officer;
And the QFMA's Board approval at its 2nd meeting of 2016 on 27th of June 2016,
We have decided the following:
Article 1
The definition of Margin Trading set out in Article (1) of the Qatar Financial Markets Authority Board Decision No. 6/2014 mentioned above shall be replaced with the following:
Margin Trading: A transaction(s), whereby a Financial Services Company pays a percentage of the securities' market value purchased for its client pursuant to the Agreement governing the relation between them.