Unlicensed financial service providers pose a risk to investors and consumers. Addressing the regulatory gaps that allow unlicensed entities to operate is a key focus of the regulatory authorities. The regulatory perimeter for financial services and providers operating in Qatar will be clearly defined, and the regulatory authorities will specify those financial services that licensed institutions are permitted to conduct. Vigorous enforcement of the law will be undertaken in order to deter unauthorised and unlicensed financial service providers in Qatar.