QFC Authority Issues New Security Regulations

Doha, January 14 (QNA) - The Qatar Financial Centre Authority Saturday issued new Qatar Financial Centre (QFC) security regulations. The security regulations provide for security interests on personal property that secure the payment or performance of an obligation, the Authority said in a media statement. These regulations complement the existing QFC Regulations and detail rules governing the effectiveness, attachment, enforceability, perfection, priority, taking personal property free of security interest, rights and remedies on default and enforcement of security interests, along with issues including the preservation and use of collateral. The Regulations also set out detailed rules relating to specific types of collateral and interest. The Regulations are put up on the QFC Regulations website: http://www.complinet.com/qfcra/ (QNA)