COLL 4.2.9 Non-QFC Independent Entities—Criteria for Regulatory Authority Action

(1) This rule applies in relation to the making of a decision by the Regulatory Authority under these rules about whether a corporation that is not an authorised firm or another QFC licensed firm is an appropriate person to be the independent entity of a QFC scheme (or a scheme established in the QFC that is proposed to become a QFC scheme).

Note This rule applies to decisions under the following provisions:
•   r 2.1.3 (2) (d) (ii) (Decision on application for registration of scheme established in QFC)
•   r 4.2.13 (2) (a) (Non-QFC independent entities—removal by Regulatory Authority).
(2) The Regulatory Authority may consider all or any of the matters mentioned in rule 4.2.1 (2) (a) to (h) (Requirements for independent entity—all QFC schemes).
(3) Subrule (2) does not limit the matters the Regulatory Authority may consider.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)