COLL 1.3.7 What is a QFC Collective Investment Company (or CIC)?
(1) A company incorporated under the
Companies Regulations 2005 is a QFC collective investment company (or CIC) if its articles of association provide that the company is established for the sole purpose of constituting a collective investment scheme.
Articles of association is defined in the glossary.
(2) If the CIC is an open-ended scheme, it must be an open-ended company with variable share capital.
|Amended by QFCRA RM/2016-1 (as from 19th September 2016)|