Mubasher: The Qatar Financial Centre Regulatory Authority (QFCRA) on Wednesday announced that it has signed 21 memoranda of understanding (MoUs) with securities regulators in the European Union (EU).
The EU signatories include the securities regulators from France, UK, Netherlands, Ireland, Portugal, Luxembourg, Cyprus, Sweden, Denmark, Norway, Iceland, Liechtenstein, Malta, Lithuania, Greece, Poland, Estonia, Latvia, Slovak Republic, Bulgaria, and Austria.
Those MoUs give the opportunity for QFC fund managers to manage and market funds such as real estate funds, private equity funds, and hedge funds, according to QFCRA's statement.
Moreover, they represent a significant opportunity for asset managers authorized in the QFC.
"The network of MoUs that the QFCRA has established recognizes the QFC as a leading international financial centre and establishes a platform for new and existing QFC fund managers to enter new markets and access a greater pool of investors," Michael Ryan, CEO of QFCRA, said.