Licence Status

This page expands the licence status focus within the Disclosures framework for DRKB Capitals SPC.

Licence Status

Licence Status is disclosed to align stakeholders on governance, risks, and decision rights under QFC expectations. QFC SPCs have no minimum share capital and are typically exempt from audited accounts and annual general meetings unless directed otherwise. SPCs must maintain a registered office in the QFC and keep required documents available at that office.

Define the disclosure item for Licence Status and its purpose in the mandate pack.
Explain how Licence Status is reviewed and updated over the life of the facility.
Describe how Licence Status affects credit decisions, reporting, and escalation.

Scope and application

This section sets the conditions under which Licence Status must be refreshed or expanded.

Key requirements

Defined transaction purpose and permitted SPC activities only.
Governance roles including director, secretary, and SEF accountability.
SSP appointment for corporate and administrative services and registered office support.
Documented compliance, collateral controls, and reporting cadence.

Reporting expectations

Mandate reporting cadence, stakeholder access, and escalation protocols are confirmed in advance.

Next step

Request a mandate review and receive a tailored execution plan.

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