The State of Qatar participated in the 20th meeting of the GCC Committee of Heads of Capital Markets Authorities originating from the GCC Ministerial Committee for Capital Markets, which was held via video conference yesterday.
CEO of Qatar Financial Markets Authority (QFMA) Nasser Ahmed al-Shaibi represented Qatar in the meeting.
The meeting’s agenda included a number of issues, most notably the executive action plan to implement the GCC inter-licensing of investment funds ‘Passporting’, and mechanism and timetable for its implementation, as well as road map for implementing the most important initiatives to achieve integration between the GCC Capital Markets.
The meeting also discussed a number of important issues, including a paper presented by Kuwait’s Capital Markets Authority on the procedures for developing ‘Know Your Customer (KYC)’ form and the unified database for GCC citizens, and it took necessary related decisions. The 20th meeting also reviewed and exchanged views on the latest developments in the GCC capital markets.
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