The Qatar Financial Centre (QFC) is the financial and business centre established by the Government of Qatar in 2005 to attract international banking, insurance business and other financial services in order to grow and develop the financial services sector in Qatar and the region. The QFC offers domestic and international firms the opportunity to establish a broad range of banking, asset management and insurance businesses under a legal and regulatory regime that meets international best practice.
The QFC Regulatory Authority is the independent regulator of the QFC, established to authorise and regulate firms and individuals conducting financial services in or from the QFC. It was established by Law No.7 of 2005
of the State of Qatar (the "QFC Law”), and has built a principles-based regulatory regime aligned with widely used common law, embracing transparency, predictability and accountability.
The QFC Regulatory Authority’s objectives include the promotion and maintenance of efficiency, transparency, integrity and confidence in the QFC, as well as the maintenance of financial stability and reduction of systemic risk. It also strives to develop financial awareness and protection for customers and investors.
As part of Qatar’s National Vision for 2030, the State of Qatar has committed itself to creating a dynamic and sustainable economy by increasing economic diversification through the re-investment of its significant energy wealth into various industries. Through its robust legal and regulatory framework, the QFC Regulatory Authority provides means into one of the fastest growing economies in the world.
The QFC Regulatory Authority has been established under the QFC Law so as to operate transparently, objectively and fairly. Its decision making, financing and operations are structured to ensure appropriate and resilient independence.