REPO 3.1.5 Representative offices not to hold money etc
A representative office must not hold or control money or property unless the money or property:
(a) is necessary to deal with its ordinary business operating expenses; and
(b) belongs to the representative office or the member of its corporate group that it represents.
|Derived from QFCRA RM/2020-5 (as from 1st October 2020)|