PRIV 1.2.15 What is Another Permitted Form of Scheme?

Another permitted form of scheme is an entity (other than a CIC, CIP or CIT) if—

(a) the legal form of the entity—
(i) is permitted under regulations made under the QFC Law or rules made by the Regulatory Authority or QFC Authority; or
(ii) otherwise permitted under an approval, authority, or licence, (however described) given by the QFC Authority under the QFC Law; and
(b) an instrument creating the legal form of the entity provides that the entity is established for the sole purpose of constituting a collective investment scheme.

Note Entity, QFC Law and instrument are defined in the glossary.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)