COLL 7.5.3 Continuing Nature of Limits and Requirements for Derivatives and Forward Positions—QFC retail schemes

(1) The operator of a QFC retail scheme must, as frequently as necessary, re-calculate the amount of cover required in relation to derivatives and forward positions already in existence under this chapter.
(2) Derivatives and forward positions may be retained in the scheme property only so long as they remain covered globally under rule 7.5.1 (Cover for transactions in derivatives and forward transactions—QFC retail schemes).
Derived from QFCRA RM/2010-05 (as from 1st January 2011)