INMA 5.1.2 Investment business firms and advisory firms

(1) An investment business firm is an INMA firm whose authorisation permits it to conduct any 1 or more of the following regulated activities in or from the QFC:
(a) dealing in investments as agent;
(b) managing investments;
(c) operating collective investment schemes;
(d) providing custody services.
(2) Any other INMA firm is an advisory firm.

Note An advisory firm's authorisation would permit it to carry on 1 or more of the following regulated activities, and no other regulated activity:
•   providing scheme administration
•   arranging deals in investments
•   arranging the provision of custody services
•   arranging financing facilities
•   advising on investments.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).