QFCRA takes action against IFSQ Sep 23, 2020 0 6162 12345 Tribune News Network Doha The QFC Regulatory Authority (QFCRA) issued International Financial Services Qatar (IFSQ) with a first supervisory notice pursuant to Article 31 of the Financial Services Regulations on September 17, 2020. IFSQ is an authorised firm in the Qatar Financial Centre (QFC) and it is permitted to conduct insurance mediation.The supervisory notice prohibits IFSQ from conducting business or providing services for any new customers with immediate effect. The supervisory notice does not prohibit IFSQ from providing the services it currently provides with respect to its existing customers’ policies.The regulatory authority took this action as IFSQ failed to satisfy it in respect of its fitness and propriety. QFCRA cannot disclose further information at present due to its ongoing investigation of IFSQ’s business practices. The action has been recorded on the public register on the regulatory authority’s website. Pages 1234 RELATED ARTICLES Doha Bank webinar to highlight benefits of investing in QETF Sep 23, 2020 0 712 All listed firms required to use Q-Disclosure from Oct 1: QSE Sep 23, 2020 0 3656 IATA for systematic COVID-19 testing to replace quarantine Sep 23, 2020 0 6272 Qatari stocks make quick recovery Tribune News Network Doha Qatari stocks recovered quickly from the downturn witnessed in the previous trading session triggered by the global markets slump. The Qatar Stock Exchange (QSE) index gained 76.93 points, or ..