QFCRA Announces Rules For New Derivatives Market In Qatar

• Published date: 19 May 2023
• Subject Matter: Finance and Banking, Commodities/Derivatives/Stock Exchanges
• Law Firm: Sultan Al-Abdulla & Partners
• Author: Sultan Al-Abdulla & Partners

The Qatar Financial Centre Regulatory Authority ("QFCRA"), the body responsible for overseeing regulated activities in the Qatar Financial Centre ("QFC"), recently announced the development and introduction of a new regulatory framework for listed derivatives. The framework has been set out in the new Derivatives Markets and Exchange Rules 2023 ("DMEX"), which was the subject of a three-month public consultation with investors and market stakeholders prior to issuance.

Issuing DMEX effectively establishes a derivatives exchange and a Central Clearing Counterparty to oversee the settlement of trades and management of settlement risk. The launch of DMEX is seen as an important milestone in the development of the Qatar capital markets and its ambition to further develop itself as a regional financial hub, giving...