Article 97 - Reports

(1) An application made under Article 96 in respect of a Relevant Scheme must be accompanied by a Scheme Report prepared by a Person nominated for the purpose by the Authority appearing to the Regulatory Authority to have the skills necessary to enable him to make a proper report.
(2) The Regulatory Authority may issue Rules setting out requirements as to the form and content of a Scheme Report.
(3) The Regulatory Authority may waive the requirement set out in Article 97(1) if the Regulatory Authority is satisfied that, by reason of urgency, it is in the interests of the QFC to do so.
(4) The Tribunal may, on application of the Regulatory Authority, appoint an independent Person appearing to the Tribunal to have the skills necessary to do so to report to the Regulatory Authority on such aspect of the Relevant Scheme as the Tribunal considers appropriate.