Regulatory Alerts2002-01-01
Law No. (25) of 2002 Concerning Investment Funds
Issued by Amir Hamad bin Khalifa Al Thani in 2002, this Qatari law establishes a comprehensive regulatory framework for investment funds by defining their legal structure, capital division into units, and operational requirements. It mandates licensing from the Qatar Central Bank and Doha Securities Market approval for fund establishment, listing, and management, while designating specific roles such as founders, managers, and investment custodians. The legislation further outlines subscription mechanisms for both Qatari and non-Qatari investors, establishes auditor oversight, prescribes penalties for unlicensed operations, and empowers the Minister to issue implementing regulations within three months of publication.
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