Q&As

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

read titleRead full title
Published on LexisPSL on 24/05/2016

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

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

Within 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 (FSMA 2000). There are a number of exclusions available under the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001, SI 2001/1060 and exemptions for debt issues are set out in full in paragraph 5 of the Schedule to the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, SI 2001/1062. Further information can be found in Practice Note: Collective investment schemes—essentials

Examples of instruments that constitute an 'instrument creating or acknowledging indebtedness' are listed in Article 77 of the Financial Services and Markets Act 2000 (Regulated Activities)

Related documents:

Popular documents