Investment funds and asset management

Investment funds and asset management guidance:

This Practice Note considers the potential impact of Brexit on asset managers and investment funds and key steps they can take to prepare. The final outcome of the Brexit...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance...

Practice Note

This Practice Note explores the measures in the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (AIFMD) relating to the rights and regulatory...

Practice Note

AIFMD and the regulation of depositories The purpose of the depositary is to act as a legally separate organisation, responsible for holding the formal documents that...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

AIFMD transparency rules The Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (AIFMD) was transposed into national law in the UK on 22 July 2013. All...

Practice Note

This Practice Note looks at the rules that apply to the taxation of authorised investment funds (AIFs), which is the collective term used for certain authorised and...

Practice Note

An authorised investment fund (AIF) is a variety of collective investment scheme (CIS). It is important to understand what a CIS is before considering authorised...

Practice Note

Authorisation of an authorised unit trust (AUT) What is an AUT? A unit trust is a type of collective investment scheme (CIS) in which the assets are held by a trustee for...

Practice Note

Authorised unit trust-operational requirements under COLL COLL provides very detailed rules on almost all aspects of the operation for authorised unit trusts (AUTs)....

Practice Note

Background to, and application of, CASS 9 Prior to 1 December 2014, most of the client information and reporting requirements in relation to client assets held by...

Practice Note

Background to OEICS and ACDS An open-ended investment company (OEIC) is an investment fund in corporate form, as defined in section 236 of the Financial Services and...

Practice Note

Introduction to OEICS and depositories An open-ended investment company (OEIC) is an investment fund in corporate form, as defined in section 236 of the Financial...

Practice Note

What is an authorised unit trust An Authorised Unit Trust (AUT) is a type of investment fund and, pursuant to section 237(3) of the Financial Services and Markets Act...

Practice Note

Background to the Client Assets Resolution Pack The collapse of firms such as Lehman Brothers International (Europe) (LBIE) in 2008 and MF Global UK Ltd in 2011 led to...

Practice Note

Application and purpose of the client money distribution and transfer rules The client money distribution rules were significantly amended on 1 January 2013 in order to...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note explains the exemptions from the financial promotion restriction which are contained in chapter 4.12 of the Financial Conduct Authority (FCA) Conduct...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this one minute guide. For further...

Practice Note

What is COLL? The Collective Investment Schemes sourcebook (COLL) is a specialist sourcebook forms part of the Financial Conduct Authority (FCA) Handbook. It provides the...

Practice Note

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note