3.6 Transfers of Shares

(1) Article 23B of the QFC Special Company Regulations provides that a Holding Company may not register a transfer of shares in the Holding Company until the QFC Authority has confirmed in writing that it does not object to such a transfer.
(2) A Holding Company applying for the QFC Authority's non-objection to such a transfer must:
(A) complete the form prescribed in Appendix 1 and file it with the QFC Authority;
(B) provide such additional material as may be required by the QFC Authority, including details and any changes to the details of the Beneficial Owners of the proposed shareholders; and
(C) pay the fee prescribed in Appendix 2 to the QFC Authority.
(3) Before the QFC Authority confirms that it does not object to such a transfer, the Holding Company must satisfy the QFC Authority that the proposed transferee is fit and proper to be registered as a Shareholder of the Holding Company.
Inserted (as from 19th October 2017).