GENE Part 1.1 GENE Part 1.1 Introductory
Inserted by QFCRA RM/2014-3 (as from 1st January 2015)
GENE 1.1.1 Name of rules (Versions from January 1, 2012)
These rules are the
General Rules 2005(or GENE). Inserted by QFCRA RM/2011-5 (as from 1st January 2012).
GENE 1.1.2 Effect of definitions, notes and examples(1) A definition in the glossary to these rules also applies to any instructions or document made under these rules.(2) A note in or to these rules is explanatory and is not part of these rules. However, examples and guidance are part of these rules.(3) An example is not exhaustive, and may extend, but does not limit, the meaning of these rules or the particular provision of these rules to which it relates.
Note Under FSR, art 17 (4), guidance is indicative of the view of the Regulatory Authority at the time and in the circumstances in which it was given.
Amended by RM/2018-4 (as from 1st August 2018).
GENE 1.1.3 Application of GENE (Versions from January 1, 2012)
These rules apply to:(a) an authorised firm operating, or applying to operate, in or from the QFC; and(b) an individual approved, or applying for approval, to exercise a controlled function.
Editorial changes (as from 1st January 2016).
GENE 1.1.4 References to particular currencies
In these rules, the specification of an amount of money in a particular currency is also taken to specify the equivalent sum in any other currency at the relevant time.
Inserted by QFCRA RM/2017-3 (as from 1st April 2017).