Article 8 — Single Family
8.1 A Single Family is a family made up of a group of individuals all of whom are the bloodline descendants of a common ancestor or their spouses (including widows and widowers, whether or not remarried), and subject to such other limitations or conditions agreed with or specified by the QFC Authority .
8.2 A Single Family common ancestor may be living or deceased and no more than three generations removed from the youngest generation of the Family Members . This Article will only apply in relation to the initial Single Family Office and a determination of a qualifying Single Family as at the date of application.
8.3 A Single Family must have minimum investable/liquid assets under management of USD 5 million. For the purpose of determining investable/liquid assets, only those assets which are realisable in a 180 day period can be considered.