Qatar regulator proposes new rules for investment funds

The Qatar Financial Centre Regulatory Authority (QFCRA) has issued a consultation paper designed to update and broaden the regulatory framework for its funds industry.

Central to the updated rules is the creation of a new type of fund structure – the Certified Professional Investor Fund – which will focus on high net worth (HNW) investors.

According to the regulator, the proposals are in response to the growth of Qatar’s funds market and the demand among investors for more flexible investment vehicles and fund structures.

A key moment for Qatar’s funds industry was the recognition of the QFC platform by the European Securities and Markets Authority in January 2018. This enables QFC-based managers to market their funds directly to professional investors in the EU.

“Qatar is becoming an important location for asset management,” said Michael Ryan, chief executive at the. “The proposed update to our fund framework will put the QFC in an even stronger position to attract fund managers and professional investors.”

Market participants have until September 30 to respond to the consultation paper.

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