Article 46 - Standard Articles of Association

(1) The CRO may from time to time prescribe, in rules made pursuant to these Regulations or otherwise in respect of an Investment Club, a set of model articles of association (which shall be in the English language) to be known as the standard Investment Club articles of association.
(2) If the CRO prescribes standard articles of association, an Investment Club may, by reference, adopt for its articles of association the whole of the standard articles of association or may, by reference, adopt for its articles of association the standard articles of association subject to such amendments as may be set out in its articles of association or may incorporate by reference in its articles of association such parts of the model articles of association as it shall deem fit.
(3) If the standard articles of association are altered by the CRO, the alteration will not affect the articles of association of an Investment Club registered before the alteration takes effect.
(4) An Investment Club's articles of association must comply with the provisions of these Regulations and any relevant rules issued by the QFC Authority.
Derived (as from 20th December 2016).