COLL 8.2.13 Recording and Reporting Incorrect Pricing—QFC Retail Schemes

(1) The operator must make and keep a record of each instance where the price of a unit is incorrect.
(2) The record must be made as soon as the error is discovered.
(3) The operator must—
(a) report each instance to the independent entity as soon a practicable; and
(b) give the independent entity details of the action taken, or to be taken, to avoid repetition of the error.

Note Rule 4.2.4 deals with the duty of the independent entity to report certain breaches of the law.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)