Legal and Regulatory Compliance

The Legal and Regulatory Compliance Division is responsible for all enforcement functions of the QFC Regulatory Authority. In performing its enforcement role, this Division uses a flexible approach in keeping with the QFC Regulatory Authority's risk-based approach to regulation that focuses on reducing the risk of non-compliance wherever possible. When the QFC Regulatory Authority detects conduct that may threaten the integrity of the QFC, this Division will act swiftly and decisively to stop the conduct, minimise the effects and prevent similar conduct recurring. In so doing, it will act fairly, openly and accountably in the exercising of its enforcement powers. Enforcement powers include investigative powers and the discipline of firms and individuals that breach relevant regulatory requirements and rules. This Division also has responsibility for overseeing the QFC Regulatory Authority's international relations. It is charged with developing and maintaining formal and informal relationships with regulators, agencies and other bodies around the world to ensure the effective exchange of information and adherence to the highest common standards.

Guide to our Approach to Regulation