QFC hosts roundtable on new data protection regulations
The Peninsula
Doha: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, hosted a roundtable to provide an overview of the new data protection regulations and facilitate a structured discussion around key issues and challenges faced by firms.
The QFC Data Protection Regulations and Rules were introduced in 2005. Given the number of global developments relating to the handling and protection of data over the years, QFC has recently reviewed and amended the regulations and rules to align with these developments.
Highlighting the importance of the roundtable, Nasser Al Taweel, Deputy CEO & Chief Legal Officer, QFC, said: “Data is increasingly becoming an important element for businesses. In parallel, the techniques to mine and retrieve personal and company information are multiplying and becoming more sophisticated. QFC places immense importance on data protection and encourages firms to stay up-to-date with the latest data regulations to ensure their businesses and stakeholders are protected.”