2.1.3A Security — General
(1) For the purposes of Article 185(2) of the Insolvency Regulations, a person satisfies the requirement to hold adequate security if the person has either:
(A) adequate and appropriate professional indemnity insurance and adequate and appropriate fidelity insurance that are both acceptable to QFC Authority; or
(2) For the purposes of Rule 2.1.3A(1)(A), such professional indemnity insurance and fidelity insurance must, for them to be adequate and appropriate, cover, as a minimum, the matters mentioned in Rules 2.1.4 and 2.3.
|Inserted (as from 6th June 2017).|