Wednesday February 6 2019
News Source: Global Exchanges
Focus: Trading Rules
The Qatar Financial Markets Authority (QFMA) has approved a set of minimum requirements for investor relation (IR) practices which will form part of the Qatar Stock Exchange’s (QSE) rulebook. Under the new rules, companies listed on the QSE must:
i. appoint an Investor Relations Officer;
ii. establish and maintain a dedicated IR section on the company’s website; and
iii. carry out a minimum of one investor call conference, in addition to submitting an annual report to the QSE regarding the company’s compliance with these new rules.
The new rules are intended to enhance transparency, by creating efficient communication channels between listed companies and the investor community. The rules will affect all QSE-listed companies from 1 October 2019.
In order to ensure affected-companies are aware of the rule changes, the QSE has issued a circular detailing the new requirements. The QSE also intends to hold a workshop in the first quarter of 2019 to assist listed companies with any queries in relation to these rules. For more information in relation to this article please click on the link above.