2.3.1 Licence

A Licence to conduct Special Purpose Company Activities may be granted by the QFC Authority. A Special Purpose Company is exempt from certain licensing requirements ordinarily applied to Companies by the QFC Authority, including the requirement to maintain physical office space in the QFC where a registered address in the QFC can be provided by its Support Services Provider. The Rules in 2.4 set out the process for seeking a Licence and the criteria that the QFC Authority will apply in determining whether to grant such a Licence.