COLL 8.1.9 Issue Only to Qualified Investors—QFC Qualified Investor Schemes
To remove any doubt, the operator of a QFC qualified investor scheme must not issue units in the scheme to a person who is not a qualified investor for the scheme.
Note Issue is defined in the glossary. Qualified investor, for a QFC scheme, is defined in r 1.2.12 (2).
|Derived from QFCRA RM/2010-05 (as from 1st January 2011)|