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Introducing Broker Agreement
"I need an Introducing Broker Agreement for our Qatar-based investment firm to engage a Dubai-based broker who will introduce institutional clients from the GCC region for our wealth management services, with the agreement starting March 1, 2025, and including strict compliance with QFC regulations."
1. Parties: Identification of the principal firm and the introducing broker, including their regulatory status and contact details
2. Background: Context of the agreement, including the purpose of the introducing broker relationship and relevant regulatory framework
3. Definitions: Key terms used throughout the agreement, including regulatory terminology and business-specific definitions
4. Scope of Services: Detailed description of the introducing broker's authorized activities and limitations
5. Regulatory Compliance: Obligations regarding QFC regulations, anti-money laundering requirements, and other applicable laws
6. Responsibilities of the Introducing Broker: Specific duties, obligations, and standards of conduct required of the introducing broker
7. Responsibilities of the Principal: Obligations of the principal firm, including support, training, and oversight
8. Client Classification and Onboarding: Requirements and procedures for client identification, classification, and documentation
9. Compensation: Fee structure, payment terms, and calculation methods for broker compensation
10. Confidentiality: Obligations regarding protection of confidential information and trade secrets
11. Data Protection: Compliance with Qatar's data protection laws and handling of personal information
12. Term and Termination: Duration of the agreement and circumstances for termination
13. Post-Termination Obligations: Continuing obligations and procedures after agreement termination
14. Governing Law and Jurisdiction: Application of Qatar law and jurisdiction for dispute resolution
1. Non-Competition: Restrictions on competitive activities, used when protecting specific market relationships or territories
2. Training and Support: Detailed provisions for broker training and ongoing support, included when the principal provides extensive support services
3. Marketing and Branding: Guidelines for use of principal's brand and marketing materials, included when broker will conduct marketing activities
4. Insurance Requirements: Specific insurance coverage requirements, included for high-risk or regulated activities
5. Audit Rights: Principal's rights to audit broker's activities, included for complex or high-volume relationships
6. Force Majeure: Provisions for unforeseen circumstances, included when dealing with critical service provisions
7. Islamic Finance Compliance: Specific provisions for Sharia compliance, included when dealing with Islamic financial products
1. Schedule 1: Services Description: Detailed breakdown of authorized services and activities
2. Schedule 2: Compensation Structure: Detailed fee calculations, commission rates, and payment terms
3. Schedule 3: Compliance Procedures: Specific compliance requirements and procedures for client onboarding
4. Schedule 4: Approved Marketing Materials: List of approved marketing materials and usage guidelines
5. Schedule 5: Required Reports: Templates and specifications for required reporting
6. Appendix A: Client Documentation Requirements: Templates and checklists for client documentation
7. Appendix B: Territory Definition: Geographical or client segment definitions for broker's activities
8. Appendix C: Contact Details: Key contact information for both parties including escalation procedures
Authors
Financial Services
Investment Banking
Wealth Management
Insurance
Islamic Finance
Asset Management
Corporate Finance
Private Banking
Capital Markets
Real Estate Investment
Legal
Compliance
Business Development
Risk Management
Operations
Finance
Client Relations
Investment Management
Product Development
Partnership Management
Regulatory Affairs
Chief Executive Officer
Chief Compliance Officer
Head of Legal
Business Development Director
Relationship Manager
Compliance Manager
Legal Counsel
Risk Manager
Head of Operations
Finance Director
Investment Manager
Wealth Management Advisor
Branch Manager
Partner
Managing Director
Head of Client Relations
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