Authorised Schemes

Legislation applicable to Authorised Schemes

NB The Collective Investment Schemes Act 2008 came into operation on 1st August 2008. It should be noted that subordinate legislation made under the Financial Supervision Act 1988 continues to have effect as if it was made under the relevant provisions of the CIS Act.

In relation to the existing subordinate legislation and guidance the term “trustee” should be read as “Trustee” if the scheme is a unit trust and “fiduciary custodian” for other types of scheme structure.

• Collective Investment Schemes Act 2008
• Authorised Collective Investment Schemes Regulations 2010
• Authorised Collective Investment Schemes (Compensation) Regulations 2008
• The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Designated Countries and Territories) Order 2003

Guidance

• Authorised Schemes - High Level Key Features
• Promotion of Authorised Schemes
• Eligible Markets
• Applying to be an Authorised Fund

Forms

• Application Form for Authorisation of a Scheme – Open Ended Investment Company
• Application Form for Authorisation of a Scheme – Unit Trust
• Statistical information to be supplied to the Commission within 15 working days of the end of each calendar quarter
• Pricing errors to be notified to the Commission within 15 business days after the end of each calendar quarter