COLL S1.2 Pure Deposit-Based Arrangements

An arrangement is not a scheme if the whole amount of the contribution of each participant in the arrangement is a deposit accepted by an authorised firm with an authorisation for deposit taking.

Note Authorised firm, authorisation and deposit taking are defined in the glossary.

Derived from QFCRA RM/2010-05 (as from 1st January 2011)