Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - QFC Licensee Agrees to Comply with Regulator's Training Norms  Join our daily free Newsletter

MENAFN - Qatar News Agency - 26/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) The Qatar Financial Center (QFC) Regulatory Authority Tuesday announced that one of its licensed firms has promised to comply with its training and competency programme as per the Authority's requirements following an investigation. In a media statement the Regulator said, "The QFC Regulatory Authority has accepted an enforceable undertaking from The Royal Bank of Scotland (RBS QFC) to establish a remedial action plan to ensure future compliance with its training and competency requirements." The undertaking follows an investigation by the QFC Regulatory Authority which found that RBS QFC's programme for ensuring the training and assuring the competency of its QFC branch staff did not meet the requirements of the QFC Regulatory Authority. Speaking t Qatar News Agency (QNA), QFC Regulatory Authority Head of Corporate Communications Felicity Glennie-Holmes said "The enforceable undertaking is a gentlemen's understanding which means the RBS (QFC) will improve its training and competency programme as per the Authority's requirements." If RBS QFC fails to comply it is liable to face further action from the Authority, she added and refused answer when the Authority had started the investigation, saying the information is confidential. RBS QFC programme was deficient in a number of material respects and it fell short of the standards expected of authorised firms, the Authority said, and added the firm "cooperated fully with the QFC Regulatory Authority and agreed to pay the costs of the investigation which is now conclude

 


Qatar News Agency




  MENA News Headlines
 Oct 1 2016 - Successful conclusion of the 16th GoforIsrael - China - Israel Investment Summit Forum in Shanghai Jointly Held by China Everbright Limited & Its Israeli PartnersMENAFN Press
(MENAFN Press) HONG KONG, Sept 30, 2016-(ACN Newswire)-China Everbright Limited ("CEL", stock code: 165.HK) along with CEL- Catalyst China Israel Fund ("CCF"), Cukierman & Co. Investment House ...

 Oct 1 2016 - Saudi economic growth hits slowest rate in Q2MENAFN
(MENAFN) Government data showed that Saudi Arabia's economy grew at its slowest rate in more than three years between April and June.Also, growth has been weakening since early 2015 as cheap oil ...

 Oct 1 2016 - New regional deadline in Gulf States by 2021MENAFN
(MENAFN) UAE's Minister of Infrastructure confirmed that the six Gulf countries have agreed in principle to push back the completion date of a 2,100 kilometer transnational rail network stretching ...

 Oct 1 2016 - Libya: EU renews sanctions for six monthsMENAFN Press
(MENAFN Press) Libya: EU renews sanctions for six months On 1 April 2016, the Council added three persons to the list of people subject to EU restrictive measures against Libya BRUSSELS, Belgium, ...

 Oct 1 2016 - GCC mobile transactions higher by 4% in H1 of 2016MENAFN
(MENAFN) A new study showed that the shares of mobile transactions in the GCC at 43% in higher than the global average by 4%.Also the report has provided insights into consumer shopping habits and ...

 Oct 1 2016 - IPC® Early Childhood Education Teacher Training Programs Gain MomentumMENAFN Press
(MENAFN Press) Dubai: The September session of the IPC Early Childhood Level 2 and Level 3 teacher training programs have received an overwhelming response and teacher participants are on their way ...

 Oct 1 2016 - His Highness Sheikh Dr. Sultan Al Qasimi: Foreign Direct Investment Creates Real WealthCulture, Art and Literature'MENAFN Press
(MENAFN Press) Message given by His Highness the Ruler of Sharjah at opening of second Sharjah FDI Forum Sharjah, UAE, September 28, 2016:‘Foreign direct investment leads not only to ...

 Oct 1 2016 - Dubai Health Authority marks World Heart Day 2016MENAFN Press
(MENAFN Press) Dubai, UAE, September 29, 2016:His Excellency Humaid Al Qatami, Chairman of the Board and Director-General of the Dubai Health Authority (DHA), inaugurated today the DHA";s World ...

 Oct 1 2016 - Post Offices will remain closed on Islamic New Year holidayMENAFN Press
(MENAFN Press) Dubai, UAE, September 29, 2016: Emirates Post Group has announced that all post offices in the UAE will remain closed on the occasion of Al Hijri Islamic New Year on Sunday, October ...

 Oct 1 2016 - Strategic New Leadership for Abu Dhabi-based Royal JetMENAFN Press
(MENAFN Press) Abu Dhabi, UAE, September 29, 2016: Royal Jet, the Middle East";s foremost private charter company, has appointed a new leader to pilot the latest chapter in its pioneering history. ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help