COLL 8.4.8 Consequences of Removal or Retirement of Independent Entity—All QFC Schemes

(1) If the independent entity of a QFC scheme is removed or retires, the independent entity must, without delay, transfer or deliver the scheme property held by it to the replacement independent entity unless the QFC Court otherwise orders.
(2) Until all the scheme property has been transferred or delivered, the independent entity remains accountable for it to the unitholders.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)