Article 8 — Single Family
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.
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.
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.