Article 2 - Application

(1) These Regulations are made by the Minister pursuant to Article 9 of the QFC Law. These Regulations shall apply in the QFC. To the fullest extent permitted by the QFC Law, the laws, rules and Regulations of the State concerning the matters dealt with by or under these Regulations shall not apply in the QFC.
(2) References to the CRO in these Regulations are to the Companies Registration Office whose general functions, duties and powers are contained in Regulation No. 2 of 2005, QFCCompanies Regulations.