• COLL Part 4.3 COLL Part 4.3 Operator and Independent Entity Other Provisions—QFC Schemes

    • COLL 4.3.1 Duties of Officers etc of Operator and Independent Entity—All QFC Schemes

      (1) This rule applies to a person who is an officer, employee or agent of the operator or independent entity of a QFC scheme.
      (2) The person must not—
      (a) make improper use of information acquired as a result of being a person to whom this rule applies—
      (i) to gain, directly or indirectly, a personal advantage or an advantage for another person; or
      (ii) to cause detriment to unitholders; or
      (b) make improper use of the person's position as a person to whom this rule applies—
      (i) to gain, directly or indirectly, a personal advantage or an advantage for another person; or
      (ii) to cause detriment to unitholders.
      Derived from QFCRA RM/2010-05 (as from 1st January 2011)

    • COLL 4.3.2 Provisions of ch 4 Do Not Limit Other Functions

      (1) This rule applies to a provision of this chapter that gives a function (however expressed) to the Regulatory Authority, the operator or independent entity of a QFC scheme or another person.

      Note Function is defined in this glossary.
      (2) To remove any doubt, the provision is additional to, and does not limit, any function given to the Regulatory Authority, operator, independent entity or other person under—
      (a) any other provision of these rules; or
      (b) any other law of the QFC; or
      (c) for the operator—the constitutional document.
      Derived from QFCRA RM/2010-05 (as from 1st January 2011)