COLL 7.7.3 Borrowing Limits—QFC Retail Schemes

(1) The operator of a QFC retail scheme (other than a retail property fund) must ensure that the scheme's total borrowing does not, on any day, exceed 10% of its net asset value.

Note For the limits on borrowing by QFC retail property funds, see rule 12.5.9.
(2) This rule does not apply to back-to-back borrowing.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)