COLL 1.3.5 What is a QFC UCITS Type Scheme?

A QFC retail scheme is a UCITS type scheme if—

(a) the scheme's constitutional document contains the statement required by part S2.31 (Extra constitution requirement—UCITS type schemes); or
(b) the scheme is an umbrella scheme that is a UCITS type scheme and each subscheme would be a UCITS type scheme if it were a separate scheme.

Note Umbrella scheme and subscheme are defined in r 1.2.11.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)