COLL Division 8.1.B Dealing—QFC Retail Schemes
Notes for div 8.1.B
1 The operator of a QFC retail scheme is responsible for issuing and redeeming units on behalf of the scheme. The provisions of this division are intended to ensure that the operator treats persons fairly if they give instructions to the operator to issue or redeem units.
2 This division also sets out common standards for how the amounts in relation to unit transactions are to be paid. These arrangements include the initial offer of units and the exchange of units for scheme property.
|Derived from QFCRA RM/2010-05 (as from 1st January 2011)|