10 Designation of Kinds of Instrument as Qualified Financial Instruments

(1) The QFC Authority and the Regulatory Authority, acting jointly, may, by publishing a notice to that effect, designate as a qualified financial instrument any kind of instrument, agreement or transaction in addition to those specifically mentioned in article 9.
(2) The QFC Authority and the Regulatory Authority, acting jointly, may, revoke a designation by publishing a notice to the effect, revoke the designation of any kind of instrument, agreement or transaction. However, the revocation of a designation does not apply:
(a) to an instrument, agreement or transaction entered into before the revocation; or
(b) to a transaction (whether entered into before or after the revocation) entered into under an instrument or agreement entered into before the revocation or to which an instrument or agreement entered into before the revocation applies.
Derived (as from 19th October 2017).