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  4. Point in time
    2019-12-20

COBS 18.9 1ICVCs

COBS 18.9.1RRP
12
  1. (1)

    The financial promotion rules in COBS apply to an ICVC, except that COBS 4.13 (UCITS) applies only to an ICVC that is a UCITS scheme.2

  2. (2)

    COBS 14.2 (Providing product information to clients) applies to an ICVC that is a UCITS scheme.2

  3. (3)

    5COBS 2.2B (SRD requirements) applies to an ICVC that is a UCITS scheme without a separate management company.

COBS 18.9.2GRP

Firms should note that the operator of an ICVC when it is undertaking scheme management activity will be subject to:3

  1. (1)

    3COBS 18.5.2R if the operator is a small authorised UK AIFM; or

  2. (2)

    3COBS 18.5A.3R if the operator is a full-scope UK AIFM or an incoming EEA AIFM branch; or

  3. (3)

    3COBS 18.5B.2R if the operator is a UCITS management company.