COLL 7.1.1 Objects of Ch 7—QFC Retail Schemes

(1) The objects of this chapter include helping to protect investors in QFC retail schemes by providing minimum standards for the investments that may be held by a QFC retail scheme.
(2) In particular, this chapter—
(a) restricts the proportion of the scheme property of a QFC retail scheme that may be held in transferable securities that are not approved securities and derivatives that are not approved derivatives; and

Note Approved security is defined in r 7.1.9 and approved derivative is defined in r 7.1.8.
(b) requires a QFC retail scheme to comply with a number of investment rules that require the spreading of risk.
(3) The intention of the restriction mentioned in subrule (2) (a) is, in part, to limit investment in transferable securities and derivatives that cannot be accurately valued and readily disposed of.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)