COLL 6.1.2 Investment Powers Generally—QFC Qualified Investor Schemes

(1) The operator of a QFC qualified investor scheme must ensure that investments included in the scheme property are investments to which the scheme is dedicated.

Note Investment and dedicated are defined in the glossary.
(2) Subrule (1) is subject to the other provisions of this chapter.
(3) The constitutional document and the latest filed prospectus may further restrict—
(a) the kinds of property in which the scheme property may be invested; and
(b) the kinds of transactions permitted by the scheme and any relevant limits.
(4) Subrule (3) does not limit the further restrictions that the constitutional document and latest filed prospectus may impose on investment by the scheme or on the use of the scheme property.
(5) The operator must ensure that any further restrictions are complied with.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)