INMA 6.1.17 Notifying customers if investments to be held outside QFC
(1) This rule applies if:
(a) an INMA firm is to arrange the provision of custody services for a customer; and
(b) the customer’s investments will or may be held outside the QFC.
(2) The firm must notify the customer in writing that:
(a) the investments may be held outside the QFC; and
(b) the market practices and the insolvency and legal regime may differ from the practices and regime in the QFC.
(3) The notification may be in the firm’s terms of business.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|