COLL 5.6.12 Contents of Half-Yearly Long Reports—QFC Retail Schemes

(1) A half-yearly long report for a QFC retail scheme that is not an umbrella scheme must contain—
(a) the full accounts for the half-yearly accounting period; and
(b) the operator's report for the period in accordance with rule 5.6.13 (Operator's reports—QFC retail schemes).
(2) A half-yearly long report for a QFC retail scheme that is an umbrella scheme must be prepared for the scheme as a whole and must contain the following:
(a) for each subscheme—the following:
(i) the full accounts for the subscheme for the half-yearly accounting period;
(ii) the operator's report for the subscheme for the period in accordance with rule 5.6.13;
(b) the aggregation of all the accounts required by paragraph (a) (i).
(3) The operator of a QFC retail scheme that is an umbrella scheme may, in addition to complying with subrule (2), prepare a further half-yearly long report for any 1 or more individual subschemes.
(4) A report under subrule (3) for a subscheme must contain the full accounts, and the operator's report, that would be required by subrule (1) if the subscheme were a separate QFC retail scheme.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)