Qatar Central Securities Depository, which is owned by the Qatar Central Bank and the Qatar Exchange, will perform all the activities and functions currently carried out by the central registration department (CRD) at the local bourse.

Qatar Central Securities Depository (QCSD), which is owned by the Qatar Central Bank and the Qatar Exchange, has been established as a Qatari private shareholding company to carry out its business as of January 2, 2014.

QCSD will perform all the activities and functions currently carried out by the central registration department (CRD) at the local bourse.

QCSD – which has obtained all necessary licences from the competent authorities, including the Qatar Financial Markets Authority — will operate from its head office, located at the Qatar Credit Bureau building near Al Muntazah Intersection, C-Ring Road.

QCSD’s functions include safekeeping, management, ownership, clearing and settlement of securities and other financial instruments.

It also provides related financial services, including registration, acceptance and transfer of government bonds and treasury bills (T-bills).

Moreover, it offers additional services including DvP (delivery-versus-payments) implementation, securities lending and borrowing settlement, management and follow-up of the non-Qatari shareholders’ equity, registration and authorisation of exchange-traded funds (ETFs) as well as participation in initial public offerings (IPOs).

The register of all current shareholders recorded in the CRD at the QE will be transferred to QCSD, a QE spokesman said.

The QE systems will be linked to QCSD systems to enforce transfer of listed companies’ shares at the QE between sellers and buyers, he added.

QCSD will also process all off-market transfers, either by inheritance or by court order. QCSD will be responsible for pledging and un-pledging shares besides other operations that are currently undertaken by the CRD at the QE.

In addition, all corporate actions applied to the shareholders’ registry will be conducted only by the company that has all potentials required to facilitate the affairs of the shareholders and customers through the customer service lounge and QCSD website.

 

 

 

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