UCITS

UCITS guidance:

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

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

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

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...

Practice Note

This year’s annual round-up reviews some of the most significant developments of 2017 and previews what is on the horizon for 2018. This includes EU and international...

Practice Note

This Practice Note explains the high-level requirements of the Remuneration Code (the Code) set out in FCA Handbook SYSC 19A. The Code sets out the standards that banks,...

Practice Note

Background to the Investor Compensation Schemes Directive The Investor Compensation Schemes Directive (EC) 97/9 (ICSD) is one of two existing EU guarantee...

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

Undertakings for collective investment in transferable securities (UCITS) are open-ended collective investment schemes which comply with the European directive on the...

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...

Practice Note

What is the MMF Regulation? Following its work on shadow banking and investment funds, the European Commission identified a number of concerns about money market funds...

Practice Note

This Packaged Retail and Insurance-based Investment Products Regulation (Regulation (EU) 1286/2014) (PRIIPs Regulation) quick guide details current UK legislation,...

Practice Note

UK preparations for Brexit This Brexit Undertakings for Collective Investment in Transferable Securities 2009/65/EC (UCITS) quick guide details current UK legislation,...

Practice Note

The PRIIPs Regulation (EU) No 1286/2014 and Commission Delegated Regulation (EU/2017/653) Almost ten years in the making, the Packaged Retail and Insurance-Based...

Practice Note

Alongside undertakings for collective investment in transferable securities (UCITS) and non-UCITS retail schemes ((NURS), the UK regime provides for a third...

Practice Note

BREXIT: The UK is leaving 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 on...

Practice Note

BREXIT: The UK is leaving 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 on...

Practice Note

The UCITS framework The UCITS Directive is a detailed, harmonised framework for investment funds that can be sold to retail investors throughout the EU. This means that...

Practice Note

UCITS VI UCITS VI describes the European Commission's Consultation on Undertakings for Collective Investment in Transferable Securities issued 26th July 2012. For...

Practice Note

FSMA 2000 activities and investments Under the Financial Services and Markets Act 2000 (FSMA 2000, s 19), no person may carry on a regulated activity in the UK by way of...

Practice Note

BREXIT: The UK is leaving 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 on...

Practice Note