Article 28 — Notifications and Undertakings

28.1 In addition to any notification required under the Companies Regulations, a Special Company must:
(a) provide the QFC Authority on or before the 31 December every year with an undertaking that the Purpose or activities of the Special Company have not changed since the establishment or incorporation of the Special Company or since the filing of the last undertaking by the Special Company;
(b) notify and give no less than twenty-one days' written notice to the QFC Authority of:
(i) any intended change in its purpose or its activities which constitutes a change in its Special Purpose Company Activities or Holding Company Activities as notified to the QFC Authority during the process of establishment or incorporation of the Special Company or since the filing of the last undertaking by the Special Company;
(ii) whether the Special Company continues to be Passive.
28.2 The filing of notices and the provision of information to the QFC Authority and the Regulatory Authority in accordance with this Article shall not constitute any permission or approval or authorisation by the QFC Authority or, where applicable, the Regulatory Authority.
28.3 A Special Company shall respond to any requests for information and documents relating to its activities from the QFC Authority and, where applicable, the Regulatory Authority.
Inserted (as from 19th October 2017).