The Qatar Financial Centre Regulatory Authority (QFCRA) has released a consultation paper to propose an update and expansion of the regulatory framework for professional investor funds in the Qatar Financial Centre (QFC).
The rules will create the Certified Professional Investor Fund which will focus on high net worth investors. The fund structure will complement the range of private and public fund structures already in place at the QFC.
The change is “in response to the continuing growth in the investment management sector in Qatar, and the growing interest among investors and investment managers for more innovative and flexible fund structures”, the Qatar regulator said.
The proposed rules have been released for public consultation until 30 September to obtain feedback from investors and investment managers on the changes.
Michael Ryan, chief executive of the QFCRA, said: “Qatar is becoming an important location for asset management. The proposed update to our fund framework will put the QFC in an even stronger position to attract fund managers and professional investors.”