PRIV S1.24 Redemption of Units Held in Breach of QFC Law

A statement that, if the holding of units by a unitholder is (or is reasonably considered by the operator to be) in breach of the Private Placement Schemes Rules 2010, any other law applying in the QFC or the constitutional document, the units must be redeemed.

Note Redemption is defined in the glossary.

Derived from QFCRA RM/2010-06 (as from 1st January 2011)