COLL 5.1.1 Who is an Affected Person for a QFC Scheme?

An affected person for a QFC scheme is any of the following:

(a) the operator;
(b) the independent entity;
(c) a member (however described) of the governing body of the operator, the independent entity or, for a CIC or CIP, the scheme;
(d) any standing independent valuer of the scheme;
(e) any investment adviser for the scheme;
(f) a person to whom functions of the operator or independent entity in relation to the scheme are outsourced;
(g) the auditor of the scheme;
(h) any associated person for any person mentioned in paragraphs (a) to (g);
(i) a unitholder with 5% or more in value of all the units then in issue.

Note Governing body, standing independent valuer, investment adviser, function and associated person are defined in the glossary. CIC and CIP are defined in r 1.3.7 and r 1.3.8 respectively.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)