COLL 8.1.10 Application of Div 8.1.B to Umbrella Schemes—QFC Retail Schemes

(1) This division applies to each subscheme of a QFC retail scheme that is an umbrella scheme as if it were a separate QFC retail scheme.

Note Umbrella scheme and subscheme are defined in r 1.2.11.
(2) The currency of a subscheme may, if appropriate, be used for the subscheme instead of the base currency of the umbrella scheme.

Note 1 Base currency is defined in the glossary.

Note 2 Details of the initial offer must be provided in any prospectus available during the initial offer period (see r S4.16 (c) (Dealing)).
Derived from QFCRA RM/2010-05 (as from 1st January 2011)