Foundation Regulations 2016

QFC Reg No 18 – QFC Foundation Regulations
Enactment Notice
Part 1:
Introduction
Article 1 - Citation
Article 2 - Application
Article 3 - Commencement
Article 4 - Language
Article 5 - Interpretation
Article 6 - Power of the QFC Authority and the Regulatory Authority to Make Rules
Part 2:
Establishment and Capacity of Foundations
Article 7 - Foundations
Article 8 - Capacity of a Foundation
Article 9 - Application for the Establishment of a Foundation
Article 10 - Registration
Article 11 - Registration of a Name
Part 3:
Features of a Foundation
Article 12 - Constitution
Article 13 - Objects
Article 14 - Council
Article 15 - Registered Representative
Article 16 - Registered Office
Article 17 - Change of Registered Office
Article 18 - Enforcer
Article 19 - Dedication of Assets
Article 20 - Winding-Up
Article 21 - Term
Part 4:
Governing Law of a Foundation
Article 22 - QFC Law to Prevail in Respect of Foundations
Article 23 - Exclusion of Foreign Law
Article 24 - Inheritance Rights
Article 25 - Foreign Judgments
Part 5:
Administration of a Foundation
Article 26 - The Council of a Foundations
Article 27 - The Council of a Foundation — Acts of Members
Article 28 - Decisions of the Council
Article 29 - Persons Appointed Under the Constitution
Article 30 - Rights of the Founder
Article 31 - Rights of Beneficiaries
Article 32 - Rights of the Other Persons Specified in the Constitution
Article 33 - Assignment of Rights
Part 6:
Provision of Information by a Foundation
Article 34 - Access to the Constitution of a Foundation
Article 35 - Provision of Information to an Interested Person
Part 7:
Provisions Relating to QFC Authority
Article 36 - Prescribed Forms and Prescribed Fees
Article 37 - General Contraventions
Article 38 - Involvement in Contraventions
Article 39 - Imposition of Financial Penalties
Part 8:
Powers of the QFC Court
Article 40 - Applications of the QFC Court
Article 41 - Power of the QFC Court to Order Compliance
Article 42 - Power of the QFC Court to Order Amendment to the Constitution
Article 43 - Power of the QFC Court to Give Directions
Article 44 - Power of the QFC Court to Protect Interests Under a Foundation
Article 45 - Power of the QFC Court to dismiss or appoint a Registered Representative
Article 46 - Power of the QFC Court to Take Action on Behalf of Others
Article 47 - General Power of the QFC Court in respect of Orders
Part 9:
Interpretation and Definitions
Article 48 - Interpretation
Article 49 - Definitions