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Collective investment schemes (CIS)

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MP vows to keep pushing tougher economic crime law

MP vows to keep pushing tougher economic crime law

The following Corporate Crime news provides comprehensive and up to date legal information on MP vows to keep pushing tougher economic crime law

Retained EU law—a guide for the perplexed

Retained EU law—a guide for the perplexed

The following Banking & Finance news provides comprehensive and up to date legal information on Retained EU law—a guide for the perplexed

Brexit SI Bulletin—latest drafts and sifting committee reports, 15 January 2021

Brexit SI Bulletin—latest drafts and sifting committee reports, 15 January 2021

The following Financial Services news provides comprehensive and up to date legal information on Brexit SI Bulletin—latest drafts and sifting committee reports, 15 January 2021

Comment—Brexit finance equivalence still achievable as eyes turn to administrative co-operation

Comment—Brexit finance equivalence still achievable as eyes turn to administrative co-operation

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—Brexit finance equivalence still achievable as eyes turn to administrative co-operation

Featured Financial Services content

The Money Laundering Reporting Officer (MLRO)—duties

The Money Laundering Reporting Officer (MLRO)—duties

The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive...

The Single Rulebook

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...

Non-UCITS retail schemes (NURS)

Non-UCITS retail schemes (NURS)

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...

Regulatory capital—purpose, quantity and quality

Regulatory capital—purpose, quantity and quality

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...

Practice notes

Public censure by the FCA

Disciplinary powers of the FCAThe disciplinary powers of the Financial Conduct Authority (FCA) are found in Part XIV of the Financial Services and...
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9th Nov
Practice notes

Application of the FCA's COBS 4 rules

Chapter 4 of the Financial Conduct Authority's (FCA) Conduct of Business sourcebook (COBS 4) contains the conduct of business requirements for...
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9th Nov
Practice notes

Accepting deposits

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark...
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9th Nov
Practice notes

Basel Accord

The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada,...
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Produced in partnership with Morrison & Foerster LLP 12th Jan
Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...
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9th Nov
Practice notes

Fair and Effective Markets Review (FEMR)—one minute guide

On 10 June 2015, the Fair and Effective Markets Review (FEMR) published its final report. Running to 106 pages, the report covers a wide range of...
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9th Nov
Practice notes

Recognised investment exchanges

Recognised investment exchangesA recognised investment exchange (RIE) is a UK recognised body under Part XVIII of the Financial Services and Markets...
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9th Nov
tag iconIn-house
Practice notes

UCITS VI

UCITS VIUCITS VI describes the European Commission's Consultation on Undertakings for Collective Investment in Transferable Securities issued 26th...
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Produced in partnership with Andrew Henderson Partner, Eversheds Sutherland LLP 12th Jan
Practice notes

European Venture Capital Funds (EuVECA) Regulation

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...
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9th Nov
Practice notes

Entering into a consumer hire agreement as owner

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...
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9th Nov
Practice notes

Authorised unit trust authorisation and winding-up

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...
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9th Nov
Practice notes

Second Wire Transfer Regulation (WTR2)—essentials

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...
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9th Nov
Practice notes

The impact of Brexit on the MiFID II regime

This Practice Note provides information relating to the impact of Brexit on the recast Markets in Financial Instruments Directive (Directive...
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9th Nov
tag iconBrexit
Practice notes

MiFID I—Transaction reporting

This Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in Financial Instruments Directive...
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9th Nov
Practice notes

Impact of Brexit: Solvency II—quick guide

This Solvency II quick guide details current UK legislation and retained EU legislation in relation to prudential insurance requirements that will be...
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9th Nov
tag iconBrexit
Practice notes

What is credit and what is a regulated consumer credit agreement?

Scope of this Practice NoteThere are several factors to consider when deciding whether or not a credit agreement is regulated under the regulatory...
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9th Nov

Most recent Collective investment schemes (CIS) content

Practice notes

Unregulated collective investment schemes—essentials

What are unregulated collective investment schemes?In the UK, an unregulated collective investment scheme (UCIS) is any collective investment scheme...
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Produced in partnership with Lora Froud of Macfarlanes 17th Jan
Practice notes

COBS 4—exemptions in relation to UCIS and close substitutes

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
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17th Jan
Practice notes

UCITS, collective investment scheme and alternative investment fund regulated activities

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...
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17th Jan
Practice notes

Collective investment schemes—one minute guide

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...
Read More >
17th Jan
Practice notes

Recognised collective investment schemes

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
Read More >
Produced in partnership with Macfarlanes LLP 17th Jan
Practice notes

Collective investment schemes—essentials

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
Read More >
17th Jan
Practice notes

Promotion of unregulated collective investment schemes (UCIS)

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
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17th Jan
Practice notes

Promotion of regulated collective investment schemes

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
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17th Jan
Q&As

Are there procedures under English law for dealing with situations where a conflict arises between the interests of the limited partners of an English limited partnership and the general partner/investment manager/investment adviser of that same partnership? If not, how would a limited partnership cater for situations where any such conflict arises, eg in the limited partnership agreement?

Avoiding conflicts of interest is a component of a fiduciary duty that a limited partnership’s general partner owes to other partners in the...
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Produced in partnership with Edyta Brozyniak of MJ Hudson 8th Jan
Practice notes

Regulated collective investment schemes

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
Read More >
Produced in partnership with Lucy Frew, formerly of Gide Loyrette Nouel LLP 8th Jan
Q&As

Are property investment arrangements collective investment schemes?

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
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23rd Dec
Precedents

Limited partnership agreement—private fund limited partnership

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...
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6th Dec
Q&As

If HMRC withdraws the tax relief from an enterprise investment scheme and they investigate the company and decide it doesn't meet the requirements of the scheme, what liabilities would financial advisors face who facilitate investment in these schemes?

If a purported scheme fails to meet the conditions for an enterprise investment scheme (EIS), it may be an unregulated collective investment scheme...
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28th Nov
Q&As

On the 'debt issues' exemption for collective investment schemes, what amounts to an 'instrument creating or acknowledging indebtedness'?

A collective investment scheme (CIS) is a form of investment fund and is defined in section 235 of the Financial Services and Markets Act 2000....
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28th Nov
Q&As

There is no definition of ‘group’ in paragraph 10 of the Schedule to the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, SI 2001/1062. Which definition of ‘group’ should be used? That found in section 421 of the Financial Services and Markets Act 2000 or another?

We refer you to the introductory text and explanatory note of the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001...
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28th Nov

Popular documents

LEXISNEXIS

Contractual damages—pecuniary losses

This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual

LEXISNEXIS

Introduction to passing off

Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to

LEXISNEXIS

Fiduciary Duties

Who is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some relationships are automatically fiduciary, eg those between trustee and beneficiary, solicitor and client, principal and agent, business partner and

LEXISNEXIS

Payment in lieu of notice (PILON)

The right to notice means a right for the employee to remain in employment for the period of notice, not simply to be paid for it. An employer will therefore often include in the contract an express right to make a payment in lieu of notice ('PILON') as an alternative to giving notice, to ensure