What are the required documents from Gulf investors to trade in shares subscribed at Masref Al Rayan?
All investors need to make sure that they have the required documents listed below to facilitate the process of trading the subscribed shares before their arrival to the State of Qatar:
- Fill out a request related to personal data update (available through the following link: https://www.qcsd.gov.qa/files/Forms/NINInfoModification.pdf)
- Copy of the personal form that was used in the shares subscription/or the allotment notice. In the absence of any of the mentioned documents, the investor can visit any of Masref Al Rayan branches, and request a proof certificate from the bank, or a profit receipt.
- A valid passport/ or personal identity card.
- Account information Certificate (IBAN) approved by the bank.
Proxies/Power of Attorney:
Proxy holders coming from GCC should ensure the validity of the proxy, and its authentication from the following authorities:
- Ministry of Justice.
- Embassy of the State of Qatar/ or any embassy handling the work of the State of Qatar.
- Ministry of Foreign Affairs at the country of issuance.
- Department of Attestations from the Qatari Ministry of Foreign Affairs.
N.B: According to Qatar Financial Market Authority regulations, proxy holders are not entitled to transfer the ownership of shares from the principal’s account to their account, regardless of the proxy’s context.
After making sure of obtaining all the required documents, investors can visit Qatar Central Securities Depository and submit the application to the customer service. The file will be reviewed by the person in charge, and will be sent for execution if it meets all the requirements.
Afterwards, a stock account statement is printed by the Central Depository and handed over to the investor to be able to attach it when submitting the request to open a trading account with brokerage firms.
For any further information, you can contact Qatar Central Securities Depository at:
- +974 4422 2410
- 16014
In addition, you can also contact Qatar Financial Market Authority for any further clarifications at:
- +974 4428 9999
Working hours are as follow:
Sunday to Thursday from 7:45 am till 1:00 pm.
Who is the entity that performs the functions of deposit, settlement and clearing?
-
Qatar Central Securities Depository Company (QCSD)
Are there any other entities that carryout Depository, Settlement and Clearing activities in Qatar?
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QCSD is the only authorized company in Qatar carrying out Depository, Settlement and Clearing activities.
Is QCSD one of the Qatari Capital Market institutions?
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Yes, and it is considered one of the most important institutions of the Qatari capital market because it safely keeps, settles and transfers the ownership of securities and also performs all other post-trading operations.
Where is QCSD located?
- C-Ring / Financial Square building
- PO Box: 433
- Tel: +974 44222410 OR 16014
- Fax : +974 44221560
- www.qcsd.gov.qa
- This email address is being protected from spambots. You need JavaScript enabled to view it.
What type of securities are registered in QCSD?
- Shares
- Bonds
- Treasury Bills
- Exchange Tradeable Funds (ETFs)
What is meant by Settlement and Clearing?
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Clearing is the Cash net of Rights and Obligations for each trading party.
Securities Settlement is performed on a Gross basis and the Cash Settlement is performed on Net basis.
What does Securities Pledging mean?
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Preventing the disposal of the pledged shares based on the shareholder’s desire in exchange for a loan.
What is meant by Custodian Service?
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QCSD provides protection to foreign shareholders and large funds participating in
Custodian Service by granting the Custodian the authority to reject or accept any transaction that may occur on any of its clients' accounts and follow up on further actions performed on it.
What are the licensed and approved companies to carry out the Custodian Services?
- HSBC Bank
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Qatar National Bank (QNB)
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Standard Chartered Bank (SCBC)
What are the types of Off-Floor Securities Transfers?
- Family transfers: These are made between relatives up to the second degree and between spouses.
- Inheritance transfers: shares are transferred and distributed to the heirs in the event of death.
- There are also some transfers that are excluded from trading are among legal persons and among partners.