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Financial Services Agreement Template for Qatar

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Key Requirements PROMPT example:

Financial Services Agreement

"I need a Financial Services Agreement for my Qatar-based investment management firm to provide portfolio management services to corporate clients, with specific provisions for handling both conventional and Islamic investment products, to be implemented by March 2025."

Document background
The Financial Services Agreement is a crucial document used when establishing a formal relationship between financial service providers and their clients in Qatar. It serves as the primary contract governing the provision of financial services, whether under Qatar's civil law system or the Qatar Financial Centre (QFC) regulatory framework. This agreement is essential for financial institutions, investment firms, and other financial service providers operating in Qatar, incorporating necessary provisions for regulatory compliance, service standards, risk management, and data protection. The document must address both conventional and Islamic banking considerations, Qatar Central Bank requirements, anti-money laundering regulations, and consumer protection laws. It's particularly relevant for entities engaging in banking, investment, advisory, or asset management services within Qatar's sophisticated financial services sector.
Suggested Sections

1. Parties: Identification of the parties, including regulatory status and licensing details

2. Background: Context of the agreement, relationship between parties, and regulatory framework being operated under

3. Definitions and Interpretation: Comprehensive definitions of terms, including regulatory and financial terms specific to Qatar

4. Scope of Services: Detailed description of financial services to be provided, including any limitations and exclusions

5. Regulatory Compliance: Obligations regarding QCB regulations, AML/CFT requirements, and other applicable regulatory requirements

6. Fees and Payment Terms: Fee structure, payment terms, currency, and payment methods

7. Client Obligations: Client responsibilities, including providing information, maintaining accounts, and compliance cooperation

8. Service Provider Obligations: Provider's duties, service standards, and regulatory compliance commitments

9. Representations and Warranties: Key statements and guarantees from both parties, including regulatory status and capacity

10. Confidentiality and Data Protection: Obligations regarding client data, banking secrecy, and compliance with Qatar's data protection laws

11. Risk Allocation: Risk management, liability provisions, and indemnification obligations

12. Term and Termination: Duration, renewal terms, and termination rights including regulatory triggers

13. Governing Law and Jurisdiction: Qatar law governance and jurisdiction provisions, including QFC jurisdiction if applicable

14. General Provisions: Standard boilerplate clauses adapted for Qatar law requirements

Optional Sections

1. Shariah Compliance: Required when offering Islamic financial services, detailing compliance with Shariah principles

2. Sub-Contracting: Include when service provider may need to delegate services to third parties

3. Insurance: Detailed insurance requirements when services involve high-risk activities

4. Business Continuity: Required for critical financial services or when handling significant client assets

5. Marketing and Branding: Include when agreement involves co-branding or marketing of financial services

6. Intellectual Property: Required when proprietary trading platforms or financial software is involved

7. Force Majeure: While common in many jurisdictions, include detailed clause only if specifically relevant to service type

8. Anti-Corruption: Enhanced provisions required for international financial services or high-risk activities

Suggested Schedules

1. Service Level Agreement: Detailed service performance metrics and standards

2. Fee Schedule: Detailed breakdown of all fees, charges, and commission structures

3. Authorized Representatives: List of authorized signatories and decision-makers for both parties

4. Compliance Procedures: Detailed AML/CFT procedures and compliance requirements

5. Required Documentation: List of required client documentation and ongoing reporting requirements

6. Data Processing Terms: Detailed data protection and processing procedures

7. Service Territories: Geographical scope of services and applicable regulatory frameworks

8. Security Procedures: IT security and operational security requirements

9. Exit Plan: Detailed procedures for service termination and transition

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























































Clauses














































Relevant Industries

Banking & Finance

Investment Services

Insurance

Islamic Banking

Financial Technology

Asset Management

Corporate Services

Government & Public Sector

Wealth Management

Capital Markets

Payment Services

Fund Management

Professional Services

Real Estate Finance

Relevant Teams

Legal

Compliance

Finance

Risk Management

Operations

Commercial

Business Development

Treasury

Regulatory Affairs

Corporate Services

Investment Management

Client Relations

Contract Management

Executive Leadership

Relevant Roles

Chief Financial Officer

Legal Counsel

Compliance Officer

Risk Manager

Financial Controller

Investment Manager

Relationship Manager

Operations Director

Chief Executive Officer

Commercial Director

Head of Legal

Head of Compliance

Treasury Manager

Contract Manager

Business Development Manager

Chief Operating Officer

Finance Director

Regulatory Affairs Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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