Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-04-04.

Timeline guidance

Alternative versions

  3. Point in time
    2024-04-04

COLL 15 Annex 1 ACS Long-term asset funds: Eligible investors

R

1This Annex belongs to COLL 15.1.3R and COLL 15.1.4G.

For the purposes of the rule on eligible3 investors in a long-term asset fund which is an ACS (see COLL 15.1.3R(2)), the authorised contractual scheme manager must take reasonable care to ensure that ownership of units in the scheme is only recorded in the register for a person:

(1)

who is a:

(a)

professional ACS investor; or

(b)

large ACS investor; or

(c)

person who already holds units in the scheme; and

(2)

to whom units in a long-term asset fund may be promoted without contravening the rules in COBS 4.12A (Promotion of restricted mass market investments)3.

2