Article 92S - Standard articles of association

(1) The articles of association of an LLC(G) must
(A) provide that the LLC(G) shall not carry on any activities of the type described in Paragraphs 1 to 9 of Schedule 3 to the QFC Law in or from the QFC by way of Business pursuant to the relevant provisions of the FSR; and
(B) contain any further statement as to the activities of the LLC(G) as the CRO may require in its absolute discretion.
(2) The CRO may from time to time prescribe a set of model articles of association (which shall be in the English language) to be known as the standard LLC(G) articles of association.
(3) If the CRO prescribes standard articles of association, an LLC(G) may subject to Article 92S(1) of these Regulations, 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.
(4) If the standard articles of association are altered by the CRO, the alteration will not affect the articles of association of an LLC(G) registered before the alteration takes effect.
Inserted (as from 5th April 2015).