A Scheme that is a Body Corporate does not carry on a Financial Service referred to in Rule 2.31.1(1) or (2) if:
(a) the functions referred to in Rule 2.31.1(1) are performed in relation to the Scheme by a Person that is authorised under a Licence to Act as the Administrator of a Scheme; and
(b) the DFSA has approved the Scheme under COB Rule 12.2.2.
Derived from RMI260/2019 (Made 18th December 2019).[VER47/01-20]