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Commentary

58 Common Investment Funds and similar arrangements

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

58 Common Investment Funds and similar arrangements

| Commentary

58 Common Investment Funds and similar arrangements

Section 96 of the Charities Act 2011, like its predecessor sections, enables the Charity Commission to establish a ‘common investment fund’ (CIF) by a scheme made on the application of two or more charities. The Commission is the sole regulator of such funds, which are charities and in which charities, subject to any restriction within the scheme itself or the scheme particulars made under it, have a statutory power to invest1. The Commission has decided as a matter of policy not to establish any further CIFs (or common deposit funds under Section 100

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