Regulator signs MoU with Qatar authority

The Malta Financial Services Authority has signed a Memorandum of Understanding with the Qatar Financial Centre Regulatory Authority, the regulator said this week. The document establishes a framework for assistance, the sharing of supervisory...

The Malta Financial Services Authority has signed a Memorandum of Understanding with the Qatar Financial Centre Regulatory Authority, the regulator said this week. The document establishes a framework for assistance, the sharing of supervisory information and cross-border co-operation on the supervision and regulation of banking, financial and insurance-related activities as permitted by law and regulations in Malta and Qatar.

MFSA chairman Joe Bannister and Qatar Financial Centre Regulatory Authority acting chief executive officer Michael Ryan signed the agreement.

The Qatar Financial Centre Regulatory Authority was established in 2005 under the Qatar Financial Centre Law. It is responsible for the regulation, licensing and supervision of banking, financial and insurance related businesses that conduct regulated activities in or from the Qatar financial centre.

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