INMA 6.1.2 Chapter 6 application to QFC schemes
(1) This Chapter applies to:
(a) the independent entity of a QFC scheme that is not a private placement scheme, and
(b) the operator of a QFC scheme that is a private placement scheme;
in relation to the safeguarding of the scheme property as if:
(c) a reference to the customer were a reference to the scheme; and
(d) all other necessary changes were made.
(2) This Chapter does not apply in any other way to the operator of a QFC scheme in relation to the scheme.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|