The regulatory authorities have identified a number of areas where the regulations and rules of each organisation can be harmonised with each other in addition to being aligned with international standards. These initiatives will create an environment that avoids duplication of regulatory oversight and eliminates regulatory arbitrage.

One example of developing a harmonised regulatory framework in Qatar is in the area of insurance regulation, where the QCB and QFCRA will ensure that their regulations are consistent with each other and with international best practice.

Another example of the regulatory authorities working closely together is in the National Anti-Money Laundering and Terrorism Financing Committee which was established according to the State AML/CFT Law No. (4) of 2010 on Anti-Money Laundering and Combating the Financing of Terrorism. This committee has undertaken significant work in keeping Qatar aligned with international best practice. The Committee will continue to focus on the overall resilience of, and on identifying appropriate enhancements to, the anti-money laundering and countering the financing of terrorism regime in the State (AML/CFT).

The QFCRA and the QFMA will also continue to collaborate on various issues related to capital markets such as enhancing their respective regulatory framework to permit greater participation of QFC firms in the capital markets.