Professional Investor Fund

Legislation

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.

The Professional Investor Fund has been superseded by the Specialist Fund. The Collective Investment Schemes (Legacy) Regulations 2010 means that no new Professional Investor Funds can be established however existing funds may continue.

• Collective Investment Schemes Act 2008
• Financial Supervision (Professional Investor Fund) (Exemption) Order 1999

Guidance

• Permitted structures for scheme types
• 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

• 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