Qatar Financial Markets Authority Regulations – Quiz 01

Last Updated: June 2024

Table of Contents

CISI – Qatar Financial Markets Authority Regulations Quiz 1 is covered –
ELEMENT 1
LICENSED ACTIVITIES:
Licensing conditions and procedures -(1-12 )
Licensing conditions and procedures – Know which business activities and types or organisation are subject to QFMA supervision
Licensing conditions and procedures – Know how a licence to conduct financial services activities may be obtained • Submission procedures (Article 5) • Accompanying documents and data (Article 9) • Deposits and Guarantees (Article 17) • Exemptions (Article 6) • Restrictions (Article 14) • QFMA decision making period (Article 11) • Notification (Article 11) • Rejection (Article 11) • Appeals procedure (Article 12) • Resubmission (Article 13)
Licensing conditions and procedures – Know how licensing can impact on business activity • Managing conflicting licensed activities (Article 19) • Inactivity (Article 18)

Approved persons – (13-24)
Approved persons – Know the scope of the Approved persons regime
Approved persons – Understand how the approval process impacts on the apportionment of responsibilities within a licensed Company

Regulated functions – (25-30)
Regulated functions – Know the 3 categories of regulated function (Article 7) • Significant Influence functions (SIF) • Technical functions • Compliance monitoring functions
Regulated functions – Know the general conditions individuals must satisfy to obtain a regulated function
Regulated functions – Know the jobs associated with respective regulated functions
Regulated functions – Understand how AML/CFT screening procedures apply to all employees

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