COLL 12.2.1 Extra constitution requirements—QFC retail property funds

In addition to the matters required under Schedule 2 (Constitutional document content—QFC schemes), the constitutional document of a QFC retail property und must include the following:

(a) a statement that the fund is a QFC retail property fund;
(b) a statement whether the fund is a closed-ended scheme or an open-ended scheme;
(c) a statement whether the aim of the fund is to spread investment risks.
(d) a statement that the fund invests in at least 3 immovables that generate recurrent rental income.

Note For statements on restrictions on investment and borrowing, see rule S2.11. See also rule 12.1.4 on permissible investments and rule 12.5.9 for borrowing limits.
Inserted by QFCRA RM/2016-1 (as from 19th September 2016)