Qatar Financial Markets Authority Decision No. 2/2015
Concerning the Amendment of Some Provisions of Decision No. 2/2014 Issuing Merger & Acquisition Rules
The Board of Directors,
Having considered Qatar Law No. 8/2012 of Qatar Financial Markets Authority;
Qatar Financial Markets Authority Board Decision No. 2/2014 concerning the Issuance of Merger & Acquisition Rules;
Proposal of the QFMA's Chief Executive Officer;
QFMA's Board approval at its 3rd meeting of 2015 on 17th of September 2015;
And as required by the public interest;
We have decided the following:
Article 1
The provisions of Articles (2 the first paragraph of item 3), (2 item 4), (2 item 7), (2 item 8) and (13) of Qatar Decision No. 2/2014 mentioned above, shall be replaced with the following:
Article 2 the first paragraph of item 3
“Except for the provisions of articles 3, 4, 5, 6, 7, and 12, the provisions of these rules shall not apply to any indirect Acquisition or Merger to which a Listed Company's subsidiary is a party, if the subsidiary has conducted business activities at least three years;”.