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3 edition of The Authorised Unit Trust Scheme (Investment and Borrowing Powers) Regulations found in the catalog.

The Authorised Unit Trust Scheme (Investment and Borrowing Powers) Regulations

Great Britain. Department of Trade and Industry.

The Authorised Unit Trust Scheme (Investment and Borrowing Powers) Regulations

Consultative document.

by Great Britain. Department of Trade and Industry.

  • 212 Want to read
  • 32 Currently reading

Published by Department of Trade and Industry in Condon .
Written in English


ID Numbers
Open LibraryOL14292153M

the [FCA] may make an order declaring the scheme to be an authorised unit trust scheme. To view this document in full, take a free trial of LexisLibrary and benefit from: Access to 20 million legal documents from over 1, Sources as part of our archive.


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The Authorised Unit Trust Scheme (Investment and Borrowing Powers) Regulations by Great Britain. Department of Trade and Industry. Download PDF EPUB FB2

A UK unit trust must be authorised before it can be offered to the general public. End of Document. Also Found In. Tax and Accounting: Pensions. Pension Trustees. Funding and Investment: Pensions. Pension Sharing.

Sales and Acquisitions: Pensions. Investment Funds and Asset Management. Before a scheme can be promoted to the public in the United Kingdom, it must be authorised or recognised by the FCA as a regulated collective investment scheme (see COLLG 1A G).

(2) A regulated collective investment scheme may be promoted to the public by an authorised person. Unit trusts: The Authorised Unit Trust Scheme (investment and borrowing powers) Regulations Further draft regulations have been published by the Department of Trade and Industry (DTI) - comments are invited by 30th June, Alteration in trust deed of, or change in name of, authorised unit trust scheme.

Replacement of management company or trustee. Prohibition of the sale or purchase of units of unauthorised unit trust schemes and certain like schemes.

Prohibition of certain advertising in relation to unauthorised unit trust schemes and certain like schemes. Assets of unit trust schemes. The Authorised Unit Trust Scheme book trust scheme (as defined in section (1) of the Act (Other definitions)) a collective investment scheme under which the property in question is held on trust for the participants, except that it does not include an authorised contractual scheme THE BLACKROCK UNIT TRUSTS This document is the Prospectus of the authorised unit trust schemes detailed in this Prospectus (referred to herein as.

The unit trust listed below is a scheme which is authorised by the Central Bank of Ireland under section 4 of the Unit Trusts Act, authorization of collective investment schemes in the nature of mutual fund corporations or unit trusts, and codifies practices established in relation to the former Code on Unit Trusts and Mutual Funds published pursuant to the SFO.

Any change or amendment to. The unit trust listed below is a scheme which is authorised by the Central Bank of Ireland under section 4 of the Unit Trusts Act, Authorised Unit Trust Name: Yuki Mizuho Umbrella Fund Reference No: C Date of Authorisation 26 Feb Status: Unit Trust Scheme Notes: This fund was authorised by the Central Bank of Ireland as an.

Unit Trust - UT: A unit trust is an unincorporated mutual fund structure that allows funds to hold assets and provide profits that go straight to individual unit owners instead of reinvesting them Author: Julia Kagan. Scope.

This manual includes HMRC’s direct tax guidance on the following types of investment fund: Authorised investment funds (authorised unit trusts and open-ended investment companies. A unit trust is a fund which adopts a trust structure; not all funds use a trust structure.

In this guide, the term “fund” will also refer to a unit trust. Unit trusts versus ILPs Investment-linked insurance policies (ILPs) are another way to invest in funds. The Authorised Unit Trust Scheme (Investment and Borrowing Powers) Regulations Made - - - - 22nd February Laid before Parliament 22nd February Coming into force - - 14th March The Secretary of State, in exercise of the powers conferred on him by section 81 of the Financial Services Act (1), and all other powers enabling.

PRACTITIONER'S GUIDE TO THE COLLECTIVE INVESTMENT SCHEMES REGIME Authorised schemes [Use Form 1 in the SFR1 to apply for authorisation of each scheme]* In the case of a scheme constituted as a unit trust, the trustee must be approved to act as trustee for Size: 63KB.

Terms and Conditions Governing Investments in Funds (Previously referred to as ‘DBS Unit Trust Terms and Conditions’) IMPORTANT Clients are requested to read these terms and conditions before completing the Application Form CLAUSE HEADING 1.

Definitions 2. Information 3. Acquisition and Holding of Fund Investments 4. Instructions 5. Authorised Contractual Schemes An Authorised Contractual Scheme (ACS) is an authorised contractual arrangement to pool assets. It has no legal personality and does not constitute an entity in.

The Authorised Unit Trust Scheme (Investment and Borrowing Powers) (Amendment) Regulations These Regulations amend the Authorised Unit Trust Scheme (Investment and Borrowing Powers).

The Companies Income Tax Act (CITA) recognizes the importance of an authorized unit trust. The trustee of an authorized unit trust scheme are treated as a company and the unit holders treated as shareholders.

The profits earned by a unit trust are subject to tax in the hands of the trustees. "Company" includes a unit trust scheme. "Corporation" includes any statutory corporation, corporation sole or company formed or incorporated according to Corporations Law.

"Corporations Law" means the Corporations Act (Clth), including any replacement, amendment, modification or File Size: KB. authorised unit trusts (AUTs), and Authorised Contractual Schemes (ACSs), which themselves can be either o partnerships or o contractual arrangements.

All are types of Collective Investment Schemes (CIS) under the FSMA. What is an Authorised Unit Trust. An AUT is a CIS under which the scheme property (the assets) is held in trust for the.

Authorised funds. An authorised fund, which may also be called an ‘authorised CIS’, must be established in the UK and take one of the following legal forms: authorised contractual scheme (ACS) authorised unit trust (AUT) investment company with variable capital (ICVC) It must also be classified, based on a marketing strategy, as one of the.

Register of authorised unit trust schemes. 3.—(1) The Bank shall establish and maintain a register of authorised unit trust schemes. (2) The register shall be open to the inspection of any member of the public on the payment of such fee as the Bank may specify. An Authorised Unit Trust (AUT) is a type of investment fund and, pursuant to section (3) of the Financial Services and Markets Act (FSMA ), a unit trust scheme authorised by an order in force under section of FSMA A contractual scheme which is authorised by an authorisation order under section D of FSMA.

Authorised fund manager The authorised corporate director (ACD) of an open-ended investment company (OEIC), the manager of an authorised contractual scheme (ACS) or the manager of an authorised unit trust scheme (AUT).File Size: KB. Get this from a library.

The Regulation of authorised unit trust schemes: a consultative document on the proposed regulations for unit trust schemes authorised under the Financial Services Bill.

[Great Britain. Department of Trade and Industry.;]. Where the authorised unit trust scheme does not have an alternative investment fund manager which is authorised in accordance with Chapter II of Directive /61/EC of the European Parliament and of the Council of 8 June or where its trustee is not otherwise subject to Articles 21(12) to (15) of that Directive, any provision in the trust deed of an authorised unit trust scheme.

Notification of changes to an ICVC or an Authorised Unit Trust, following prior approval of the FCA. Name of Scheme(s) Important information you should read before completing this form. This form applies to schemes authorised under either OEIC regulation.

BlackRock Unit Trusts This document is the Prospectus of the authorised unit trust schemes detailed in this Prospectus (referred to herein as the =Funds >), valid as at the date specified on the cover of this document. Full details of the Funds are set out in Appendix.

Trustees (Authorised Unit Trust Scheme) Order In exercise of the powers conferred by section 86 of the Trustees Act, the Minister for Law hereby makes the following Order: Citation: 1. This Order may be cited as the Trustees (Authorised Unit Trust Scheme) Order Register of authorised unit trust schemes.

(1) The Bank shall establish and maintain a register of authorised unit trust schemes. (2) The Bank shall ensure that the register is kept at a specified office of the Bank and that the file is made available for inspection by members of the public during the ordinary business hours of that office.

The total fund of a unit trust scheme is divided into units of exactly equal monetary value e.g. If one unit is N, any person investing N will get units.

Unit Trust Funds are invested in highly-rated securities on behalf of the unit holders by the management company. There are two types of Unit Trust Schemes, viz; Open-Ended.

This Order may be cited as the Trustees (Authorised Unit Trust Scheme) (No. 26) Order Authorised unit trust scheme: 2. The Optimix Asian Equity Fund is hereby declared as an authorised unit trust scheme for the purpose of the Act.

Made this 26th day of June Any SFC-authorised unit trust / mutual fund / investment-linked assurance scheme that does not have a product key facts statement shall not continue to be marketed to the public in Hong Kong. Product issuers may decide for other reasons whether and when an SFC-authorised product is.

When a unit trust scheme or limited partnership scheme is to be wound up 48 Manner of winding up a unit trust scheme or limited partnership scheme 48 When a company scheme is to be wound up 48 Manner of winding up a company scheme 49 Winding-up events 49File Size: KB.

unregulated collective investment schemes from their Manchester offices. The Connaught Income Fund, Series 1 The Fund is available as a UK Limited Partnership with an Exempt Unit Trust for SIPP, SSAS and eligible investors.

The Fund is open ended but we reserve the right to close the Fund to new monies at our discretion. B UNIT TRUSTS & OEICs - BASICS SYLLABUS • Unit trusts • A non-retail UCITS scheme can borrow up to 10% of the fund value on a long term basis and FSA authorised Risk • Because unit trusts and OEICs are open-ended, supply and demand pressures have noFile Size: 20KB.

Unit Trusts and Open-Ended Investment Companies (OEICs) Unit trusts and Open-Ended Investment Companies (OEICs) are professionally managed collective investment funds. A fund manager pools money from many investors and buys shares, bonds, property or cash assets and other investments.

authorised unit trust - noun the official name for a unit trust which has to be managed according to EU directives. Abbreviation AUT. Authorised unit trusts An AUT is a collective investment scheme under which the property is held on trust for the participants. It is established by trust deed entered into by the AFM and a trustee, which acts as the authorised depositary of the scheme.

(c) has been provided with a copy of the trust deed and a certificate signed by a solicitor to the effect that it complies with such of the requirements of this section or those rules as relate to its contents, the [FCA] may make an order declaring the scheme to be an authorised unit trust scheme.

8 unit trust) and to discharge the duties imposed by these rules on the designated custodian (if appointed); “designated administrator” in relation to a registered investment scheme, means the person designated by the Commission to be the designated manager for the purposes of the Law (as designated in the Commission’s registration of the registered investment scheme under section 8 of.AIFs established in Ireland are authorised under the following pieces of domestic investment fund legislation: Unit trusts under the Unit Trusts Act ; Investment limited partnerships under the Investment Limited Partnerships Act ; Common Contractual Funds under the Investment Funds, Companies and Miscellaneous Provisions Act History.

In the heading, the words “: authorised unit trust schemes” inserted by SI /, reg. 2(6)(a), with effect from 28 June for the purposes of the exercise by the Financial Conduct Authority of any power to make rules, give directions or give guidance under FSMAs.

A(1)(a)(c) and A(1)(d) and Sch. 1ZA, para. 23(1)(b), and on 21 July for remaining purposes.