PRIV 1.1.3 Application of PRIV

(1) These rules apply only to private placement schemes.

Note A collective investment scheme that is established in the QFC may be registered under these rules as a private placement scheme or under COLL as a qualified investor scheme or retail scheme. COLL also deals with the marketing and sale in or from the QFC of units in schemes that are not established in the QFC, including schemes that are similar or equivalent to private placement schemes established in the QFC.
(2) To remove any doubt, a reference in these rules to a collective investment scheme or scheme is a reference to a private placement scheme unless the contrary intention appears.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)