Instructions to Banks - March 2009
Qatar Central Bank (QCB) is pleased to issue "Instructions to Banks - March 2009", Eleventh Edition, for purpose of facilitating the banking sector to be aware of all the effective prudential regulations, their amendments and explanations. The following instructions are an integrated part of the previous edition (Tenth Edition) including the amendments, additions and deletions in pursuance with articles of the QCB law no. (33) of the year 2006, in addition to all the circulars issued and effective up to March 2009.
These instructions are classified into thirteen parts. The first six parts deal with Monetary Policy, Payment Systems, Public Debt, Banking Affairs and Issuance, Government Bodies and Banking Systems.
Part Seven deals with Supervision and Control which includes ten chapters that cover the administrative and banking risks, relationship with customers, Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT), financial statements, etc.. The last six parts deal with various topics including Correspondences with QCB, Instructions of Financial Information Unit (FIU), the Financial Fines and Penalties, and Instructions of Financial Stability and Statistics Department.
QCB has recently established new departments which include the Financial Stability and Statistics Department, Qatar Credit Bureau, and Payment and Settlement Systems Department as shown in the Organizational Structure.
In addition, there are other recently issued instructions for statistical requirements. These instructions are not included in the instructions book as they are provisionally implemented.
QCB issues the instructions book on an annual basis with all the amendments made up to issuance date. These instructions are available on QCB’s website: www.qcb.gov.qa.
These instructions contain the implementation dates of some items in months and years and not in days.
QCB would like to take this opportunity to express thanks and gratitude to His Highness the Emir of the State of Qatar Sheikh Hamad Bin Khalifa Al-Thani, His Highness Heir Apparent Sheikh Tamim Bin Hamad Al-Thani, and His Highness the Prime Minister Sheikh Hamad Bin Jassem Al-Thani, for their sustainable support to QCB.
Abdullah Bin Saud Al-Thani
The Governor
Index
Part One :Exchange Rate Policy
Part Two : Monetary Policy
Part Three : Clearing-House, Payment Systems and Money in Circulation Affairs
Part Four : Public Debt
Part Five : Instructions of Government Bodies
Part Six :Instruction of Banking Systems
Part Seven : Instruction of Supervision and Control
Part Eight : Other Instructions