• COLL Part 12.2 COLL Part 12.2 Constitutional document and prospectus—QFC retail property funds

    Inserted by QFCRA RM/2016-1 (as from 19th September 2016)

    • COLL 12.2.1 Extra constitution requirements—QFC retail property funds

      In addition to the matters required under Schedule 2 (Constitutional document content—QFC schemes), the constitutional document of a QFC retail property und must include the following:

      (a) a statement that the fund is a QFC retail property fund;
      (b) a statement whether the fund is a closed-ended scheme or an open-ended scheme;
      (c) a statement whether the aim of the fund is to spread investment risks.
      (d) a statement that the fund invests in at least 3 immovables that generate recurrent rental income.

      Note For statements on restrictions on investment and borrowing, see rule S2.11. See also rule 12.1.4 on permissible investments and rule 12.5.9 for borrowing limits.
      Inserted by QFCRA RM/2016-1 (as from 19th September 2016)

    • COLL 12.2.2 Prohibited amendments of constitutional document—QFC retail property funds

      The constitutional document of a QFC retail property fund must not be amended in such a way that the fund ceases to be a property fund.

      Inserted by QFCRA RM/2016-1 (as from 19th September 2016)