COLL 10.2.1 What is a Complying Disclaimer for a Non-QFC Scheme?

A complying disclaimer for a non-QFC scheme is a written notice that contains statements to the effect of the following:

(a) the scheme is a collective investment scheme that is not registered in the QFC or regulated by the Regulatory Authority;
(b) any prospectus for the scheme, and any related documents, have not been reviewed or approved by the Regulatory Authority;
(c) investors in the scheme may not have the same access to information about the scheme that they would have to information about a collective investment scheme registered in the QFC;
(d) recourse against the scheme, and those involved with it, may be limited or difficult and may have to be pursued in a jurisdiction outside the QFC.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)