Qatar Financial Markets Authority Board Decision No. 4/2018

Direct Market Access Requirements

Article 44(Bis) - Direct Market Access (DMA) requirements

Sponsored Access to the market is giving a permission to a Sponsored Participant ("SP") to get access to the trading system in Qatar Exchange ("QE") by using the direct link lines of the member with trading system after approval to be responsible as Sponsoring Member ("SM").

The Sponsored Participant shall have the following conditions:

  1. SP shall be licensed by the same regulator in his home country and provide its approval to the sponsor.

  2. The legal legislations and regulations that subject the SP in its home country shall be at least the same level as the local legislations and regulations.

  3. The SP shall submit commitment that is obliged it with all the relevant local legislations and regulations.

  4. Shall provide the guarantees in accordance with the QFMA and QE requirements.

  5. The unsecured pay's transactions of the SP shall be under the provided guarantees to the sponsor, and that shall be controlled automatically.