QATAR: Edaa Announces Reduction in Settlement of Buying and Selling Operations to T+2

Thursday August 3 2023

On 1^st August 2023, Qatar Central Securities Depository (Edaa) announced an initiative to reduce the settlement period of purchasing and selling transactions at Qatar Stock Exchange (QSE) from T+3 to T+2. This initiative complements Qatar Financial Market’s Development initiatives and will take effect starting January 2024. The initiative is in collaboration with Qatar Central Bank (QCB) Qatar Financial Market Authority (QFMA) and Qatar Stock Exchange (QSE). It aims to enhance the trading mechanisms of the Qatar Financial Market, accelerating the speed of trading to attract foreign investments. 

This strategic move focuses on shortening the settlement period at the QSE from T+3, three working days after the date of the sale or purchase, to T+2, a two working day period from the date of the sale or purchase. 

Edaa anticipates applying the new settlement period by the beginning of next year (January 2^nd, 2024). This will allow institutional investors, local and foreign portfolio managers to prepare to fulfil the technical requirements on their end. Concurrently, Edaa will work with these stakeholders to provide support in applying the necessary regulatory and technical amendments, and coordinate with them to secure smooth settlement operations. 

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