COLL 3.2.12 Switching Rights—QFC Retail Umbrella Schemes

In accordance with the Financial Services Regulations, schedule 3, part 3, paragraph 6.5, the participants in a QFC retail scheme that is an umbrella scheme are entitled to exchange rights in a subscheme for rights in another subscheme of the umbrella scheme.

Note Umbrella scheme and subscheme are defined in r 1.2.11.

Derived from QFCRA RM/2010-05 (as from 1st January 2011)