Compliance Commitment: GCC Markets MCP operates under a comprehensive compliance framework designed to meet the highest standards of financial data governance, regulatory compliance, and exchange licensing requirements across all Gulf Cooperation Council markets.
1. Regulatory Compliance Overview
Exchange Licensing
Direct licensing agreements with QSE, Tadawul, ADX, DFM, and BSE. All data distribution governed by exchange-specific terms and conditions.
Data Protection (GDPR)
Full GDPR compliance with privacy controls, data subject rights, and cross-border transfer safeguards for EU clients.
Financial Regulations
MiFID II compliance for EU operations. Working toward SEC registration for US institutional clients.
Information Security
Certified information security management system with annual audits and continuous monitoring.
2. Exchange-Specific Compliance
| Exchange | License Status | Permitted Uses | Restrictions | Attribution Requirements |
|---|---|---|---|---|
| Qatar Stock Exchange (QSE) | Active | Display, Research, Analysis | No real-time redistribution | "Data provided by Qatar Stock Exchange" |
| Saudi Stock Exchange (Tadawul) | Active | EOD Data, Corporate Actions | Professional use classification required | "Data provided by Saudi Stock Exchange (Tadawul)" |
| Abu Dhabi Securities Exchange (ADX) | Active | Historical Data, Announcements | 15-minute delay for non-professional | "Data provided by Abu Dhabi Securities Exchange" |
| Dubai Financial Market (DFM) | Active | Display, Internal Use | No commercial redistribution | "Market data courtesy of Dubai Financial Market" |
| Kuwait Stock Exchange (KSE) | Negotiating | Pending agreement | TBD | TBD |
| Muscat Securities Market (MSM) | Negotiating | Pending agreement | TBD | TBD |
| Bahrain Bourse (BSE) | Active | Educational, Basic Display | Non-commercial use only | "Data provided by Bahrain Bourse" |
3. Data Governance Framework
3.1 Data Lineage and Traceability
100% Lineage Coverage: Every data point includes complete source attribution, licensing information, and processing timestamps for full audit trail compliance.
Our data governance framework ensures:
- Source Attribution: Every data point linked to originating exchange
- License Tracking: Real-time validation of data access rights
- Processing Audit: Complete log of data transformations
- Quality Metrics: Automated quality scoring and validation
- Correction Tracking: Full history of data revisions and corrections
3.2 Access Control Matrix
Default-deny access control enforced at multiple levels:
3.3 Usage Monitoring and Reporting
- Real-time Monitoring: Continuous tracking of data access patterns
- Monthly Exchange Reports: Automated usage reporting to data vendors
- Compliance Dashboards: Real-time compliance status monitoring
- Anomaly Detection: Automated flagging of unusual usage patterns
- Violation Alerts: Immediate notification of potential license breaches
4. Security and Data Protection
4.1 Information Security Certifications
4.2 Technical Security Controls
- Encryption: AES-256 encryption at rest, TLS 1.3 in transit
- Authentication: Multi-factor authentication for all admin access
- Network Security: VPC isolation, WAF protection, DDoS mitigation
- Access Management: Role-based access control with principle of least privilege
- Monitoring: 24/7 SOC monitoring with threat intelligence integration
4.3 Data Residency and Cross-Border Transfers
Data processing and storage locations:
- Primary: AWS US-East-1 (Virginia) - Core processing
- Secondary: AWS EU-West-1 (Ireland) - European client data
- Regional: AWS ME-South-1 (Bahrain) - GCC latency optimization
- Compliance: Standard Contractual Clauses for international transfers
5. Risk Management and Controls
5.1 Operational Risk Controls
- Business Continuity: 99.9% uptime SLA with disaster recovery
- Data Backup: Multi-region backup with 7-year retention
- Change Management: Controlled deployment processes with rollback
- Incident Response: 24/7 response team with escalation procedures
- Vendor Management: Due diligence and ongoing monitoring of suppliers
5.2 Financial and Credit Risk
- Credit Assessment: Customer creditworthiness evaluation
- Payment Processing: PCI-compliant payment handling
- Insurance Coverage: Professional liability and cyber insurance
- Financial Monitoring: Regular financial health assessments
5.3 Regulatory Risk
- License Monitoring: Proactive tracking of license renewals
- Regulatory Updates: Continuous monitoring of regulatory changes
- Legal Review: Regular review of terms and conditions
- Compliance Training: Regular staff training on regulatory requirements
6. Audit and Assurance
6.1 External Audits
| Audit Type | Frequency | Last Audit | Next Audit | Status |
|---|---|---|---|---|
| ISO 27001 Certification | Annual | March 2025 | March 2026 | Pass |
| SOC 2 Type II | Annual | June 2025 | June 2026 | Pass |
| PCI DSS Assessment | Annual | August 2025 | August 2026 | Pass |
| Penetration Testing | Quarterly | September 2025 | December 2025 | Pass |
6.2 Internal Controls
- Monthly Reviews: Internal compliance and security assessments
- Quarterly Reports: Board-level compliance reporting
- Annual Assessment: Comprehensive risk and control evaluation
- Continuous Monitoring: Automated control testing and alerting
7. Client Responsibilities and Best Practices
7.1 Client Compliance Obligations
Important: Clients are responsible for ensuring their use of our data complies with all applicable exchange licenses and regulations in their jurisdiction.
- License Compliance: Adhere to exchange-specific terms and conditions
- Attribution: Include required attribution when displaying data
- Usage Monitoring: Track and report data usage as required
- Security Controls: Implement appropriate data security measures
- Access Control: Restrict access to authorized personnel only
7.2 Recommended Client Controls
- Regular review of data usage patterns and compliance status
- Implementation of role-based access controls for data consumers
- Audit trails for all data access and distribution activities
- Staff training on data licensing and compliance requirements
- Incident response procedures for potential compliance violations
8. Compliance Monitoring and Reporting
8.1 Real-time Compliance Dashboard
Our compliance dashboard provides real-time visibility into:
- License status and expiration dates for all exchanges
- Usage statistics and limit monitoring per client
- Attribution compliance across all data displays
- Security incident status and resolution tracking
- Audit trail completeness and data lineage verification
8.2 Automated Compliance Reporting
- Exchange Reports: Monthly usage reports to data vendors
- Client Reports: Quarterly compliance summary for enterprise clients
- Regulatory Reports: As required by applicable regulations
- Incident Reports: Immediate notification of compliance incidents
9. Contact and Support
Compliance Support Team
For compliance-related questions, licensing inquiries, or violation reporting:
Chief Compliance Officer: cco@borsat.ai
Compliance Team: compliance@borsat.ai
Legal Affairs: legal@borsat.ai
Data Protection Officer: dpo@borsat.ai
Emergency Hotline: +1 (555) 123-4567 (24/7)
Response Times: Compliance inquiries acknowledged within 2 hours, resolved within 24 hours for critical issues.