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  3. Point in time
    2019-11-25

COLL 8 Annex 2 ACS Qualified Investor Schemes: eligible investors

R

1This Annex belongs to COLL 8.1.3 R and 8.1.4 G.

1For the purposes of the rule on qualified investors in a qualified investor scheme which is an ACS (COLL 8.1.3R (3)), 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 :

2

(1)

who 2is 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 qualified investor scheme may be promoted to that person under COBS 4.12.4 R.2

2