COLL 8.1.2 Initial Offer—QFC Qualified Investor Schemes

(1) The period of the initial offer for a QFC qualified investor scheme, and how it ends, must be set out in the latest filed prospectus and must not be of unreasonable length.

Note Initial offer and latest filed prospectus are defined in the glossary.
(2) During the initial offer period, units may only be issued at the initial price.

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