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
 Dec 1 2015 - Jordan 2015 population and housing census kicks offJordan News Agency
(MENAFN - Jordan News Agency) Around 25, 000 male and female field researchers early Monday started conducting the 2015 national housing and population census carried out by the Department of ...

 Dec 1 2015 - Jordan- Climate change should be resolved along with other challenges: KingJordan News Agency
(MENAFN - Jordan News Agency) His Majesty King Abdullah II stressed that the war against terrorism facing the current generation to defend tolerance, freedom, peace and humanity is our battle the ...

 Dec 1 2015 - Jordan- Gov't lowers fuel prices, raises gas cylinders'Jordan News Agency
(MENAFN - Jordan News Agency) The government, on Monday, decided to lower the prices of main oil derivatives as of Tuesday, December 1.Under the decision taken by the government's pricing committee, ...

 Dec 1 2015 - Canada hails Jordan's support to efforts to resettle Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) Canadian Minister of Immigration, Refugees and Citizenship John McCallum praised Jordan's support to Canada's efforts to resettle 25,000 Syrian refugees in his country ...

 Dec 1 2015 - Erdogan will Step Down If Russian Claims of Oil Trade with ISIS ProvedQatar News Agency
(MENAFN - Qatar News Agency) Turkey's President Recep Tayyip Erdogan has said he will step down if Russian claims that Turkey buys oil from ISIS group are proved and has called on Russian President ...

 Dec 1 2015 - Israeli Forces Open Fire at Palestinian Farmers East GazaQatar News Agency
(MENAFN - Qatar News Agency) Israeli occupation forces opened fire at a group of farmers east of Gaza City.Palestinian security sources said that Israeli troops positioned at military watchtowers ...

 Dec 1 2015 - Palestinian teen shot dead in BethlehemJordan News Agency
(MENAFN - Jordan News Agency) A Palestinian teenager was shot dead early Tuesday by Israeli occupation forces fire after he allegedly attempted to attack a settler near the illegal settlement bloc of ...

 Dec 1 2015 - Jordan- policemen killed in patrol attackJordan News Agency
(MENAFN - Jordan News Agency) An intensive investigating is underway following a deadly attack on a police patrol which claimed the lives of two security personnel, security sources said Tuesday.The ...

 Dec 1 2015 - Kuwait to Host Training on Regional Emergency Response PlanQatar News Agency
(MENAFN - Qatar News Agency) The GCC Emergency Management Center is organizing a practical training on the implementation of the "Regional Radiological and Nuclear Emergency Preparedness and Response ...

 Dec 1 2015 - Qatar Stock Index Drops 462.65 PointsQatar News Agency
(MENAFN - Qatar News Agency) Qatar Stock Exchange (QSE) index dropped 462.65 points (-4.38%) when the bourse closed trading at 10,090.81 points on Monday. The daily turnover increased to QR 1.180 ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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