COLL 5.1.5 Transactions with Affected Persons—Details Required for QFC Scheme's Annual Reports

(1) If the operator of a QFC scheme enters into any transaction with an affected person in relation to the scheme property during an annual accounting period, the scheme's annual report, or the scheme's annual long and short reports, for the period must include—
(a) a summary of the total value of transactions with affected persons in relation to the scheme property during the period; and
(b) a summary of the nature of the transactions; and
(c) a summary of the identities of the affected persons; and
(d) if the unitholders voted at a general meeting held during the period to approve a transaction with an affected person — details of the approval and the results of the voting in relation to the approval; and
(e) a written certificate by the operator stating that each transaction was in accordance with these rules and the scheme's constitutional document.
(2) If the operator of a QFC scheme does not enter into a transaction with an affected person in relation to the scheme property during an annual accounting period, the scheme's annual report, or the scheme's annual long and short reports, for the period must include a statement to that effect.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)