COLL 5.1.3 Transactions with Affected Persons—Prior Notice to Unitholders of QFC Schemes

(1) Subject to subrule (3), this rule applies to a proposed transaction by the operator of a QFC scheme in relation to the scheme property if the transaction is with an affected person.
(2) The operator must not enter into the transaction unless the operator has given the unitholders prior written notice of the transaction (or transactions that include the transaction), including an explanation of how rule 5.1.2 has been complied with in relation to the transaction (or the transactions).

Example of written notice

notice given in the scheme's latest filed prospectus
(3) This rule does not apply to a REIT if the transaction is for the acquisition or sale of an immovable in Qatar and all of the conditions in rule 12.6.10 are satisfied.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)