Regulatory Alerts2004-01-01
Ministerial Decision No. 69 of 2004 Issuing the Executive Regulations for Law No. 25 of 2002 Regarding Investment Funds
The Qatari Minister of Economy and Commerce issued Ministerial Decision No. 69 of 2004 to establish comprehensive licensing, operational, and governance requirements for investment funds operating in Qatar. The regulation mandates that fund founders obtain prior approval from the Qatar Central Bank and Doha Securities Market, maintain strict capitalization and subscription procedures, and adhere to rigorous financial reporting, valuation, and risk management standards. It further delineates the fiduciary duties of fund managers and investment custodians, ensuring investor protection through transparent disclosure, equal unit-holder rights, and clear liquidation protocols.
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