Instructions to Banks - March 2008

Qatar Central Bank (QCB) is pleased to issue the "Instructions to Banks - March 2008", the Tenth Edition, for purpose of facilitating the mission of those who are working in the banking system to be aware of all effective prudential regulations and their amendments and explanations. Hence, the following instructions are an integrated part of the previous edition (Ninth Edition) including the amendments in terms of additions and deletions in pursuance with articles of the QCB law no. (33) of the year 2006, in addition to all circulars effective up to March 2008.

These instructions are classified into twelve parts. The first six parts deal with Monetary Policy, Payment Systems, Public Debt, Government Bodies and Banking Systems.

Part Seven deals with Banking Supervision including nine chapters that cover the administrative and banking risks, relationship with customers, Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF), and financial statements, etc.. The last five parts deal with various topics including Correspondences with QCB, Electronic Instructions and Instructions of Financial Information Unit (FIU), and the Financial Fines and Penalties.

In addition, there are other currently implemented instructions, which, for statistical purposes, are not included in these instructions as they are temporarily implemented ones.

QCB has been always issuing the instructions book at least once a year, including the annual amendments made up to issuance date. These instructions have been already published on the following website: www.qcb.gov.qa.

These instructions contain the implementation dates of some items in months and years and not in days.

QCB seizes this opportunity to express the highest feeling of 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.