COLL 1.3.12 Money-Market Funds

A QFC scheme, or a subscheme of a QFC umbrella scheme, is a money-market fund if the constitutional document of the scheme states that the scheme or subscheme is a money-market fund.

Note 1 Umbrella scheme and subscheme are defined in r 1.2.11. Constitutional document is defined in r 3.1.1.

Note 2 The following provisions must be complied with in relation to money-market funds:

•   r 6.1.5 (Investments by money-market funds-QFC qualified investor schemes)
•   r 7.2.4 (Investments by money-market funds-QFC retail schemes)
•   r 8.2.19 (Maintaining value-all money-market funds)
•   pt S2.4 (Extra constitution requirements-money-market funds)
•   sch 3 (Prospectus content—QFC qualified investor schemes), r S3.2 (f) (Description of scheme etc)
•   sch 4 (Prospectus content-QFC retail schemes), r S4.2 (g) (Description of scheme etc) (see also r S4.4 (r) (Investment objectives and policy etc)).
Derived from QFCRA RM/2010-05 (as from 1st January 2011)