COLL 8.3.3 Certificates for Units—All QFC Schemes

(1) If units in a QFC scheme are issued or rule 8.3.2 (Transfer of units by act of parties—all QFC schemes) is complied with in relation to the transfer of units in a QFC scheme, the operator may issue a document evidencing title to the units in accordance with the constitutional document.

Note Document evidencing title is defined in the glossary. Constitutional document is defined in r 3.1.1.
(2) However, the operator must issue a document evidencing title as soon as practicable if the procedures for redeeming units require unitholders to surrender the document evidencing title.
(3) For a QFC scheme that is listed in the Qatar Stock Exchange or in any other regulated exchange, a record (held in the QCSD's, or relevant exchange's, registry or system) of a transfer or title to a unit is taken to be a document evidencing title to the unit.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)