Qatar Financial Markets Authority Adopts New Regulation for Offering and Listing Securities on the Second Market
In January 2012, the Qatari financial regulator, the Qatar Financial Markets Authority (the "QFMA"), adopted a new regulation (the "New Regulation") governing the offering and listing of securities on a second market of the Qatar Exchange ("QE"), which is now officially known as the QE Venture Market. The QE Venture Market is intended for small and medium-sized enterprises ("SMEs").
The New Regulation reiterates most of the articles comprising the initial regulation governing the offering and listing of securities on the Qatari market in general, which was adopted by the QFMA in November 2010 (the "2010 Regulation"). The main distinction between the 2010 Regulation and the New Regulation is that the latter provides a less stringent set of listing and disclosure requirements for issuers on the QE Venture Market.