COLL 7.3.9 Spread for Certain Investments with Single Person-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 any combination of 2 or more of the following issued by or made with a single person:
(a) transferable securities (including covered bonds) or money-market instruments;
(b) deposits;
(c) exposures to an OTC derivative transaction.

Note For investments that are treated as transferable securities, see the following provisions:
•   r 7.4.2 (Investments in closed-ended schemes as transferable securities—QFC retail schemes)
•   r 7.4.3 (Investments linked etc to other assets as transferable securities—QFC retail schemes).
(2) In calculating the limit under this rule, the provisions of rule 7.3.7 (2) to (4) (Spread for OTC derivatives-QFC retail schemes) apply with any necessary changes.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)