Article 8 — Interaction with the QFC Law, QFC Regulations and Rules
8.1 These Regulations are made in accordance with and take effect under the QFC Law. If there is any conflict or inconsistency between the provisions of these Regulations and the QFC Law, the QFC Law has precedence and the relevant provision will be construed and applied only in a consistent manner with the QFC Law.
8.2 Except where the contrary is expressly stated, these Regulations do not affect any other
QFC regulations made under the QFC Law which apply to a Special Company.
8.3 These Regulations do not permit or authorise a
Special Company to carry on any Regulated Activity in or from the QFC, other than Special Purpose Company Activity or Holding Company Activity, as the case may be, without prior authorisation of the Regulatory Authority.
8.4 The provisions of these Regulations do not exempt a
Special Company from any requirements resulting from the FSR and any of the Regulatory Authority's rules to which a Special Company is subject. If there is any conflict between these Regulations and the FSR or any Regulatory Authority rules, the FSR or rules will take precedence.
8.5 Subject to Article 8.1, if there is any conflict between these Regulations and the Companies Regulations, these Regulations will take precedence.
|Amended (as from 19th October 2017).|