International Scheme
Legislation
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.
The International Scheme has been superseded by the Regulated Fund. The Collective Investment Schemes (Legacy) Regulations 2010 means that no new International Schemes can be established however existing funds may continue. The Regulations also expand the jurisdictions in which a trustee or fiduciary custodian of an international scheme can be located by including Ireland and Luxembourg.
- Collective Investment Schemes Act 2008
- Financial Supervision (International Collective Investment Schemes) Regulations 1990
- Financial Supervision (International Collective Investment Schemes) (Advertising and Scheme Particulars) Regulations 1995
- Financial Supervision (Prescribed Countries and Territories) Regulations 1990
Guidance
- Permitted structures for scheme types
- Full International Schemes - High Level Key Features
- Approval process to act as Manager to a Full International Schemes
- Interpretation of the Financial Supervision (International Collective Investment Schemes) (Advertising and Scheme Particulars) Regulations 1995
- Guidance Notes for Managers and Trustees
- Promotion of Full International Schemes, Specialist Funds, Qualifying Funds, Experienced Investor Fund and Professional Investor Funds
- Protected Cell Companies
- Inward Outsourcing
- Pricing Errors
- Funds - Valuation & Fee Charging
- Hedge Fund Valuation Policy
- Fund Management Association – Sound Practice Guidelines
- Guidance note on Companies incorporated under the Companies Act 2006
Forms
