COLL 7.3.8 Spread for Deposits—QFC Retail Schemes

(1) The operator of a QFC retail scheme must ensure that no more than 20% in value of the scheme property consists of deposits placed with any single eligible bank.

Note Deposit and eligible bank are defined in the glossary.
(2) For subrule (1), all uninvested cash that is capital property of the scheme is taken to be a deposit.

Note Capital property is defined in the glossary.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)