Qatar Financial Markets Authority Regulations – Quiz 04

Last Updated: June 2024

Table of Contents

CISI – Qatar Financial Markets Authority Regulations Quiz 4 is covered –
ELEMENT 2
CONDUCT OF BUSINESS:
Fundamental principles to be observed by approved individuals – (1-6 )
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

ELEMENT 3
INFORMATION REQUIREMENTS:
Reports and records – (7-22)
Reports and records – Know the rules relating to submitting financial statements and the annual report (Article 45) • Deadlines (1,2,3) • Identifying shareholders and controllers
Reports and records – Know the content that must be included in the Compliance officer’s annual report
Reports and records – Know which records must be maintained in order to clarify the data of a Company’s activities
Reports and records – Understand the role of a QFMA designated “suitable person”
Reports and records – Know the record keeping requirements relating to client information
Reports and records – Know what must be included in a complaint register
Reports and records – Know what must be observed in the case of electronic records

Information made available by a Company to a client – (23-30)
Information made available by a Company to a client – Know the deadline for reporting transactions to a client
Information made available by a Company to a client – Know the requirements relating to client statements (Article 54) & (Article 55) • Frequency • Cost • Content
Information made available by a Company to a client – Know the essential information relating to Investment Management controls that must be included in an Investment Management agreement
Information made available by a Company to a client – Know the appropriate notification period for cancelling Investment Management agreements

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