CIS Sch 2 Notification requirements

CIS Sch 2.1G01/04/2004

This schedule sets out the notification requirements detailed in CIS in respect only of notifications to be provided to the FSA.

CIS Sch 2.2G01/04/2004

Handbook reference	Matter to be notified	Contents of notification	Trigger event	Time allowed
CIS 1.1.1A R	Election to comply with COLL	Details and date of occurrence	When election takes effect	Before election takes effect
CIS 3.2.2 R	Prospectus	Copy provided	Marketing scheme	Before marketing begins
CIS 5.2.26 R (2)	Risk management process and any material alteration to it	Methods of estimating risk, types of derivative their underlying risk and any quantitative limits	Application for authorisation as a scheme complying with CIS 5 or any subsequent proposed material alteration to the risk management process	Up until authorisation to comply with CIS 5 or introduction of the alteration to the process, as appropriate1
CIS 7.2.1 R (3)	Change to directors details or controller of ACD	Details	Immediately after the event	Immediate
CIS 7.3.4 R	Capital of ICVC	Details if capital falls below minimum or greater than maximum	Occurrence	Immediate
CIS 7.4.3 R (1)	Mismanagement of ICVC	Details	Occurrence	Immediate
CIS 7.4.3.R (4)	Perceived mismanagement of ICVC	Details	Where an investigation by the depositary takes over 90 days	Immediate
CIS 7.9.3 R (1)	Mismanagement of unit trust	Details	Occurrence	Immediate
CIS 7.9.3 R (2)	Perceived mismanagement of unit trust	Details	Where an investigation by the trustee takes over 90 days	Immediate
CIS 10.5.2 R (6)	Annual and Half yearly reports	Copies	End of annual or half-yearly accounting period	Publication
CIS 11.5.1 G	Scheme of Arrangement	Details	Proposal that the scheme will be involved in a scheme of arrangement	One month before proposed change.
CIS 12.5.5 R	ICVC with only one sub-fund	Action to rectify situation	Umbrella has only one sub-fund	24 months
CIS 13.1.3 R	Suspension of dealing	Details including reason for suspension	Occurrence	Immediate
CIS 14.2.4 R (5)	Winding up a solvent ICVC	Solvency statement	Winding up a solvent ICVC	Within 21 days of notice given under regulation 20 of OEIC regulations
CIS 14.2.6 R (8)	Winding up a solvent ICVC	Completion of winding up	Winding up a solvent ICVC	As soon as reasonably practical after winding up completed.
CIS 14.2.7 R (6)	Winding up a solvent ICVC	Final accounts	End of final accounting period	Two months
CIS 14.3.4 R (5)	Winding up a solvent ICVC sub-fund	Solvency statement	Winding up a solvent ICVC sub-fund	Within 21 days of notice given under regulation 20 of OEIC regulations
CIS 14.3.7 R (5)	Winding up a solvent ICVC sub-fund	Termination account and auditor's report	Termination of sub-fund	Two months
CIS 14.4.3 R (5)	Winding up of an AUT	Completion of winding up	Winding up of an AUT	Immediate
CIS 16.1.4 G	Application for authorisation of an ICVC	Details	Intention to operate an ICVC	Six months before launch (service standard 6 weeks)
CIS 16.1.6 G	Application for authorisation of a unit trust	Details	Intention to manage a unit trust	Six months before launch (service standards 6 weeks)
CIS 16.1.8 G	Notification of scheme constituted in an EEA State to market in the UK	Details	Wish to market scheme in UK	May market two months after appropriate notification
CIS 16.1.9 G	Notification of a scheme constituted in a designated territory	Details	Intention to market scheme in UK	On approval or no later than two months following notification
CIS 16.1.10 G	Notification of a scheme	Details	Intention to market scheme in the UK	On approval which may take 6 months.
CIS 16.1.11 G	Change to ICVC	Details	Intention to change scheme	One month before change
CIS 16.1.12 G	Change to AUT	Details	Intention to change scheme	One month before change
CIS 16.4.1 R	Change to ICVC	Details	Change to scheme	14 days
App CIS G 3 (2) - (4)	Box management Errors	Details	Errors in box management	Immediate1 3

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CIS Sch 2 Notification requirements