Collective Investment Schemes: Investment Funds in England and Wales

This guide provides an analysis of the landscape of Collective Investment Schemes (CIS) in England and Wales, offering valuable insights for those structuring, developing, or investing in these arrangements.

Key highlights:

• Understanding CIS: Gain clarity on what constitutes a CIS under the Financial Services and Markets Act 2000 (FSMA), including the latest interpretations and developments
• Regulatory Insights: Learn about the factors that influence whether an arrangement or structure needs FCA authorisation and the implications for marketing and investment
• Practical Examples: Explore real-world scenarios and case law that illustrate the application of CIS definitions and regulations
• Exclusions and Considerations: Discover specific exclusions from being classified as a CIS and important points to consider when analysing investment arrangements

If you would like to discuss more about CISs, regulatory insights, exclusions, and considerations in this guide, and how they may impact your current and future structuring or investment decisions, please get in touch with your usual Eversheds Sutherland contact or any member of the Financial Services team listed below.

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