Qatar Financial Markets Authority Regulations – Quiz 03

Last Updated: June 2024

Table of Contents

CISI – Qatar Financial Markets Authority Regulations Quiz 3 is covered –
ELEMENT 2
CONDUCT OF BUSINESS:
Codes of conduct – (1-12)
Codes of conduct – Understand specific aspects of the code of conduct • Honesty and fairness (1) • Diligence (2) • Prudential resource requirements (3) • Conflicts of interest (6) • Compliance (7) • Systems, controls and risk management (9) • Relation with the Regulatory Authority (11) • Solicitation (14)

Client relationships – (13-24 )
Client relationships – Know the obligations relating to client relationships (Article 22 unless stated otherwise) • Fair treatment (8) • Client assets (10 & Article 37) and lending (19) • Duty of confidentiality (12) • Provision of advice (13) • Understanding of risks (15) • Basis and disclosure of fees (16) • Obtaining information from clients (4) • Providing information to clients (5)
Client relationships – Know the rules related to executing client orders (Article 22 unless stated otherwise) • Best execution and exceptions to the rule (Article 27) • Unexecuted orders (2) • Gains resulting from operational mistakes or regulatory breaches (17) • Misusing client information & Front running (18)
Client relationships – Know the circumstances under which a Company would not be held responsible for an outcome detrimental to its clients
Client relationships – Know the circumstances in which the market would freeze client assets

Fundamental principles to be observed by approved individuals – (25-30 )
Fundamental principles to be observed by approved individuals – Know the fundamental principles to be observed by approved individuals (Article 23) • Integrity (1) • Proficiency, Care and Diligence (2) • Code of conduct (3) • Transparency with the Authority (4) • Management & control (5)
Fundamental principles to be observed by approved individuals – Know the professional code of conduct that governs licensed company relationships • Professional bodies (Article 25) • Relationships with similar companies
Fundamental principles to be observed by approved individuals – Know the Company’s responsibilities towards its business activities and the conduct of its workers and agents
Fundamental principles to be observed by approved individuals – Understand how Companies participate in risk insurance funds
Fundamental principles to be observed by approved individuals – Know the restrictions related to cross ownership of licensed Companies
Fundamental principles to be observed by approved individuals – Know Article 34 relating to the verification of share ownership
Fundamental principles to be observed by approved individuals – Know the types of individuals whose identities must be submitted to QFMA on a periodical basis
Fundamental principles to be observed by approved individuals – Know the dealing restrictions applicable to employees of licensed brokers
Fundamental principles to be observed by approved individuals – Understand how training and competence extends to junior employees
Fundamental principles to be observed by approved individuals – Know the circumstances and procedure under which the Company shall notify QFMA of any event that could affect the Company

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