Doha Securities Market is under going the most sensitive period since its start , particularly , taking in consideration the active involvement of small national investors who are trying to invest the limited amount of money they own in the securities market .
According to the law , Doha Securities Market , is daily run by the management of the market and this management reports or works under the supervision of a “ board ” or what is named in the law as the “ Market Committee ”, which is headed by the Under-secretary of the Ministry of Commerce & Trade .
What is very important here is that there is no reference in the law in Qatar for a “ Securities Commission ”.
A question arises here , what are reasons or justifications for having a “Securities Commission ”?
As a rule it is very important to segregate between the executive body and the regulatory or supervisory body . In securities markets , the management and the board are supposed to be looking and in-charge of daily routine work in the market .
Whereas , the Securities Commission , is supposed to regulate and supervise the activities of this management . Securities Commission normally takes the role of the legislature in issuing the rules and regulations that are needed for the industry .
This includes rules for listing companies in the market , licensing brokers , trading rules , IPOs rules , transparency , insider-trading , transfer of shares and payment rules , settlement rules , codes of ethics and practice …etc .
All these points , among other things , are supposed to be regulated by the Securities Commission who normally takes the role of the legislature in issuing these rules and regulations and change or amend them whenever there is a need or necessity .
The Securities Commission , moreover , is supposed to supervise and check to make sure that the management of the market is abiding by the law , rules and regulations that are issued by the Commission . In other words , there is another body authorized to make sure that the law is in order and strictly followed with the aim of protecting the investor .
