COLL 10.3.1 Application—pt 10.3

(1) This part applies to an authorised firm in relation to a retail customer of the firm if the firm conducts a relevant investment activity for the retail customer in or from the QFC in relation to units in a non-QFC retail customer scheme.

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

Note 2 Relevant investment activity is defined in the glossary.

Note 3 Non-QFC retail customer scheme is defined in r 1.4.1. An authorised firm must not conduct a relevant business activity for a retail customer in relation to units in a non-QFC scheme that is not a retail customer scheme (see r 10.1.3 (2)).
(2) However, this part ceases to apply to the authorised firm in relation to the retail customer if the retail customer does not become, or ceases to be, a unitholder of the non-QFC retail customer scheme.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)