COLL 6.1.6 Application of Ch 6 to Umbrella Schemes—QFC Qualified Investor Schemes

(1) This chapter applies to each subscheme of a QFC qualified investor scheme that is an umbrella scheme as if it were a separate QFC qualified investor scheme.

Note Subscheme and umbrella scheme are defined in r 1.2.11.
(2) However, a subscheme of an umbrella scheme must not invest in another subscheme of the same umbrella scheme.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)