Page 24 - Annual Report 2022 EN
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Investment Management, Advisor and Securities Supervision (IMAS)
In 2022, IMAS supervised 13 investment managers, Risk Assessment Visits (RAVs) Fund registrations
7 insurance intermediaries, 12 advisory firms, and
3 representative offices and registered 2 funds. During the year, IMAS conducted 8 RAVs, 1 thematic In 2022, two funds were registered in the QFC:
review of client files, and 35 meetings to monitor
• Epicure Global Opportunities Fund
Reporting frequency varied between monthly and advisors, intermediaries, and investment managers in
on 15 November 2022
quarterly, and representative offices had an annual the QFC. The reviews focused on the conduct of
• Sondook Fund LLC as a private placement
submission requirement. Return reviews were business, business models, customer classification,
fund on 15 December 2022
conducted within a month of receiving submissions, compliance, and conduct risk. The overall results were
and offsite supervision was supported by regular satisfactory, with fewer adverse findings compared to
engagement with senior management. the previous year. ESG Thematic Review project
In Q3 2022, IMAS and the CFA Society Doha launched
Table 1: a joint ESG survey to assess firms’ attitudes towards
ESG and benchmark ESG reporting standards. The
2022 statistics
survey focused on understanding firms’ consideration of
Statistics Total Investment Manager Advisory Intermediaries ESG, particularly climate risk, in existing strategies and
operations, and how they report on ESG, specifically the
RAVs 8 1 5 2
environmental and social aspects. The goal is to develop
a core set of compulsory disclosures and a voluntary set
Senior Management Meetings 35 9 16 10
to bridge the gap between adopting ISSB disclosures and
aligning with the Qatar Stock Exchange’s move towards
Supervisory Colleges 5 2 3 0
making ESG disclosures mandatory for listed companies.
Investment management products Training and development
The Investment Management department The training courses attended by
implemented a system to supervise investment Intermediary teams are as follows:
products sold or managed by QFC firms, with portfolio
management activities primarily conducted from the • PIFS-QFCRA Advanced Training Program
QFC for funds located in different jurisdictions. • IOSCO Risk-based Supervision
program for Securities Regulators
In Q4 2022, IMAS began aligning the reporting period • BIS-IMF Supervisory training
of product returns with monthly prudential returns, • Central banks principles course by QCB
with pilot testing completed in February 2023.
