COLL 10.1.2 Certain Financial Promotions only to Qualified Investors Etc—QFC Qualified Investor Schemes

(1) An authorised firm must not make or approve a financial promotion in relation to a QFC qualified investor scheme if the financial promotion is addressed to, or disseminated in such a way that it is likely to be received by, a person who is not a qualified investor for the firm.

Note Qualified investor, for an authorised firm, is defined in r 1.2.12 (3).
(2) An authorised firm must not conduct a relevant investment activity for a customer in or from the QFC in relation to units in a QFC qualified investor scheme unless the customer is a qualified investor for the firm.

Note Relevant investment activity is defined in the Glossary.
(3) For this rule, qualified investor includes a person who is a retail customer for the authorised firm if the firm believes, on reasonable grounds, that the firm could classify the person under CIPR as a business customer for the firm.

Note 1 Retail customer, for an authorised firm, is defined in r 1.2.12 (5).

Note 2 Business customer is defined in the Glossary.
Amended by QFCRA RM/2019-4 (as from 1st January 2020).