Collective investment schemes—one minute guide
Published by a LexisNexis Financial Services expert
Practice notesCollective investment schemes—one minute guide
Published by a LexisNexis Financial Services expert
Practice notes
This one minute guide provides a brief summary of the key regulatory Requirements for Collective investment schemes (CIS). For more detailed information on CIS, including Financial Conduct Authority (FCA) authorisation of CIS, see Practice Note: Collective investment schemes-essentials, or to access the entire collective investment schemes subtopic, see: Collective investment schemes (CIS)—overview.
What is a collective investment scheme?
A collective investment scheme is an investment fund used for collective investment by Investors. Investors’ money is invested on a pooled basis by an investment manager in return for a fee. Section 235 of the Financial Services and Markets Act 2000 (FSMA 2000) defines a CIS as:
‘...any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.’
The term ‘arrangement’
Access this content for free with a 7 day trial of LexisNexis and benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 42 practice areas
Get your quote today and take step closer to being able to benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 36 practice areas
Get a LexisNexis quote
* denotes a required field
To view the latest version of this document and thousands of others like it,
sign-in with LexisNexis or register for a free trial.
CONTACT US
