The Qatar Financial Center Regulatory Authority announces a new framework for the derivatives market in Qatar

The Qatar Financial Center Regulatory Authority (QFCRA) today announced the development of a new regulatory framework for listed derivatives and the issuance of the Derivatives Markets and Exchanges Rules for 2023, after a three-month period of public consultations with investors and market participants. The center stated in a press release that the launch of these rules means the establishment of a regulatory framework in the Qatar Financial Center that allows the establishment of a derivatives exchange, in addition to a central clearing house, to ensure the effectiveness of the settlement process and the management of settlement risks. In the same context, the Qatar Stock Exchange welcomed the announcement of the Regulatory Authority, and Mr. Abdulaziz Nasser Al-Emadi, Acting CEO of the Qatar Stock Exchange, said that the issuance of the rules for derivatives markets and exchanges for the year 2023 establishes the necessary regulatory framework for the Qatar Stock Exchange to move forward with its plans to establish a derivatives exchange and the counterparty. He pointed out that the launch of the derivatives exchange constitutes a fundamental pillar in the development of the Qatari capital market, and the promotion of the stock exchange to the ranks of advanced markets. In turn, Mr. Michael Ryan, CEO of the Qatar Financial Center Regulatory Authority, confirmed that the Regulatory Authority is looking forward to working with the Qatar Stock Exchange to launch the new derivatives exchange, as this exchange will provide opportunities that allow investors to better manage and diversify their financial portfolios, in addition to providing financial institutions Country and regional brokerage destinations provide new opportunities for growth and business expansion with clients. It is noteworthy that the establishment of the derivatives exchange will give investors the opportunity to trade option contracts and futures contracts related to the shares listed on the Qatar Exchange, in addition to contracts related to the Qatar Stock Exchange index, which will be included in the new derivatives exchange. It recently announced the conclusion of an agreement with the London Stock Exchange Group, which provides for the provision of technology for new trading and clearing operations and for monitoring the market.