COLL 8.6.8 Prohibition of Promotional Payments—QFC Retail Schemes

(1) A payment must not be made from the scheme property of a QFC retail scheme to a person for, or for the promotion of, the issue or redemption of units in the scheme.

Examples of prohibited payments
1 commission payable to intermediaries
2 payments in relation to the preparation or dissemination of financial communications (unless subrule (2) applies)
(2) This rule does not apply to—
(a) a payment to the operator to reimburse the operator for costs of preparing and printing the key information document required under CIPR for units in the scheme; or
(b) any other payment to the operator if the payment is permitted under these rules.
Amended by QFCRA RM/2019-4 (as from 1st January 2020).