INMA 8.1.2 Chapter 8 application to QFC schemes

In relation to mandates, this Chapter applies to the independent entity of a QFC scheme that is not a private placement scheme, and to the operator of a QFC scheme that is a private placement scheme, as if:

(a) a reference to the customer were a reference to the QFC scheme; and
(b) all other necessary changes were made.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).