Qatar Stock Exchange Market Notice. 22/2021

Omnibus Procedures

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In the pursuit of QFMA towards the development of legislations, and the efforts of QSE and QCSD to adopt best practices and enhance the efficiency of financial market, please be advised that QFMA approved the amendment of Omnibus procedures in accordance with the following terms:

First: Trade Allocation

1. The broker may allocate in whole or in part omnibus trades to the accounts associated with the Allocation Account.

2. Allocation Account shall have no shares by the end of trade allocation process on T+0. If the broker is unable to allocate such trades at the end of the trading day (T+0) due to unavailability of shares in the linked account or any other compelling reason, it is allowed to allocate (or process) the next day (T+1) as a maximum.

3. Sell trades cannot be allocated to the Target Account that does not have balance of the shares to be sold.

4. DVP process shall apply for custodian clients.

5. Allocations must be made after the end of the trading session prior to 2:45 pm on T+0.