Justice ministry officials attend QFCA programme

Ministry of Justice officials at the convention

The Qatar Financial Centre Authority (QFCA) convened a training programme for officials of Ministry of Justice.
The officials were apprised of the QFC’s strategic development, legal environment, licensing and financial services regulations.
Forty-five officials from the ministry took part in a QFC awareness and educational training programme, jointly presented by senior management from the QFCA, the QFC Regulatory Authority
and the QFC Judiciary.
The presentations were devised and structured by the QFCA, QFCRA and QFCJ in order to facilitate a deeper understanding of the local and regional developments within the financial services industry, as well as offering the ministry a technical focus on the legal and regulatory environment that support the expansion of the
QFC.
A number of important areas were discussed the event, facilitating a greater mutual understanding and appreciation of the legal, judicial and regulatory functions provided by the QFC entities.
The session began with an overview of the QFCA’s overarching role supporting and developing the local market, before moving on to its three hub-strategy, focusing on asset management, re-insurance and captive insurance.
The QFCRA explained their authorisation, supervision and compliance work. Finally the QFCJ presented details on its specific role, including the legal dispute resolution infrastructure essential for the success of a modern, forward looking financial
centre.
"The training session was an excellent opportunity for the QFC entities to explain and discuss the strategic development of the QFC as well as the world-class legal environment, financial services regulation and specialist judiciary that underpins the success and further development of the QFC,” according to David Dhanoo, group chief legal officer and board secretary at the QFCA.