Rules of Licensing and Regulating Depository

Article 1

In accordance with the implementation of these rules , the following words and phrases shall have the meaning set opposite them , unless the context requires otherwise:

Authority: Qatar Financial Markets Authority (QFMA).

Depositary: A company licensed by the Authority to carry out the Depository functions.

Top Management: Chairman and members of the Board of Directors of the company, or a directors' panel or the equivalent as the case may be.

Senior Executive Management: Chief Executive Officer and all executives managers reporting directly to him.

Authority's Legislations: Law No. 8/2012 regarding Qatar Financial Markets Authority , the rules, regulations, decisions and circulars issued by the Authority.

Market: Financial market licensed for dealing in Securities, pursuant to the Authority's Legislations. Member: Issuer of Securities listed on the Market.

Settlement Member: A financial services company requires which activities require it to be a Depository's member after the Authority's approval.