PRIV 2.1.1 Application for Registration of Scheme

(1) The person who is to become the initial operator of a scheme established in the QFC may apply to the Regulatory Authority for registration of the scheme under these rules.

Note 1 Operator is defined in r 1.2.6.

Note 2 See the following provisions:
•   r 3.1.4 (Constitutional document and checklist to be filed with registration application)
•   r 5.2.5 (Prospectus, checklist and any translations to be filed with registration application).
(2) The Regulatory Authority may, in writing, require the applicant to give the authority additional information or documents that the authority reasonably needs to decide the application.
(3) If the applicant does not comply with the requirement, the Regulatory Authority may refuse to consider the application.
(4) The applicant may withdraw the application by notice given to the Regulatory Authority at any time before the application is decided.
(5) If, at any time between the making of the application and the application being withdrawn or decided, the applicant becomes aware of a material change that is reasonably likely to be relevant to the Regulatory Authority's consideration of the application, the applicant must tell the authority about the change immediately, but by no later than the next business day.

Note Business day is defined in the glossary.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)