Qatar Financial Markets Authority Regulations – Quiz 06

Last Updated: June 2024

Table of Contents

CISI – Qatar Financial Markets Authority Regulations Quiz 6 is covered –
ELEMENT 3
INTERNAL CONTROLS:
Compliance Officer – (1- 2)
Compliance Officer – Know the responsibilities of the Compliance Officer

Distribution of responsibilities – (3-14 )
Distribution of responsibilities – Know how a Company should apportion senior management responsibilities
Distribution of responsibilities – Know the factors to consider when performing due diligence on the administrative structure of a licensed Company
Distribution of responsibilities – Know how a Company should document the apportionment of responsibilities

Resources & Controls – (15-26 )
Resources & Controls – Understand the factors a company should consider when reviewing the appropriateness of its resource base and control structure
Resources & Controls – Know which activities must be addressed by effective administrative, organisational and procedural structures in order to comply with the financial service rulebook

Monitoring Compliance – (27 -30)
Monitoring Compliance – Know the issues which the Compliance function must assess independently of the operating administration (Article 8 (1)) • Regulatory requirements • Best practice • Risk of financial crime
Monitoring Compliance – Know the requirement for Compliance to have “necessary resources”
Monitoring Compliance – Know the specific requirements and restrictions incumbent upon Compliance employees

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