COLL 3.2.3 Bearer Certificates Must not be Issued—All QFC Schemes

(1) Bearer certificates must not be issued for units in a QFC scheme.
(2) In this rule:

bearer certificate means a certificate or other document evidencing title that indicates that the bearer is entitled to the units in the QFC scheme stated in it.

Note Document evidencing title is defined in the glossary.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)