Qatar CSD goes private
03 January 2014 Qatar
Image: Shutterstock
The Qatar central securities depository has been established as a Qatari private shareholding company.
The CSD is owned by both the Qatari central bank, and the Qatar Exchange. It has obtained a license from the Qatar Financial Markets Authority (QFMA). QCSD will operate from its head office, which is located at Qatar Credit Bureau Building near Al Muntazah Intersection, C Ring Road.
QCSD’s functions include safekeeping and settlement of securities as well as securities lending and borrowing settlement, management and follow-up of the non-Qatari shareholders’ equity, registration and authorisation of ETFs.
Register of all current shareholders recorded in the Qatar Exchange's central registration department will be transferred to the CSD. Qatar Exchange systems will be linked to the CSD’s systems to enforce transfer of listed companies’ shares at the Qatar Exchange between sellers and buyers.
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 the CSD’s website.
The CSD is owned by both the Qatari central bank, and the Qatar Exchange. It has obtained a license from the Qatar Financial Markets Authority (QFMA). QCSD will operate from its head office, which is located at Qatar Credit Bureau Building near Al Muntazah Intersection, C Ring Road.
QCSD’s functions include safekeeping and settlement of securities as well as securities lending and borrowing settlement, management and follow-up of the non-Qatari shareholders’ equity, registration and authorisation of ETFs.
Register of all current shareholders recorded in the Qatar Exchange's central registration department will be transferred to the CSD. Qatar Exchange systems will be linked to the CSD’s systems to enforce transfer of listed companies’ shares at the Qatar Exchange between sellers and buyers.
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 the CSD’s website.
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