COLL 8.6.11 Attribution of Scheme Property to Subschemes—QFC Retail Schemes

(1) For a QFC retail scheme that is an umbrella scheme, any assets to be received into, or any payments out of, the scheme property that are not attributable to only a single subscheme must be attributed by the operator to the respective subschemes.
(2) Any attribution under this rule must be made in a way that is fair to the unitholders of the QFC retail scheme generally.

Note Umbrella scheme and subscheme are defined in r 1.2.11.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)