Qatar Financial Markets Authority Board Decision No. 4/2017
Concerning the Issuance of Market Maker Rules
The Board of Directors,
Having considered Qatar Law No. 8/2012 of Qatar Financial Markets Authority;
Qatar Financial Markets Authority Board Decision No. 5/2009 concerning the issuance of Financial Services Rulebook;
Qatar Financial Markets Authority Board Decision No. 3/2012 concerning the issuance of Liquidity Provider Rules;
Qatar Stock Exchange Rulebook;
Proposal of the QFMA's Chief Executive Officer;
QFMA's Board approval at its 3rd meeting of 2017 on 23rd of October 2017;
And as required by the public interest;
We have decided the following:
Rules of Market Maker Activity
Article 1
In the application of these Rules, the following words and phrases shall have the adjacent meaning given to them hereunder, unless the context requires otherwise:
Authority: Qatar Financial Markets Authority (QFMA)
Market: Financial market licensed by the Authority for dealing in securities.
Market Making: An activity that enhance the liquidity of Eligible Securities in the Markets licensed by the Authority by providing continuously price quotes for the purchase and sale of certain securities. Market Maker shall conduct such activity in accordance with provisions of these Rules.