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 2022-05-19.

Timeline guidance

Alternative versions

  2. Point in time
    2022-05-19

collective investment undertaking other than the closed-end type

(in PRR) (as defined in article 2(p) of the Prospectus Regulation235) unit trusts and investment companies:

  1. (a) [deleted]235
  2. (b) [deleted]23531
  3. (c) they raise capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of those investors;235
  4. (d) their units are, at the holder’s request, repurchased or redeemed, directly or indirectly, out of their assets.235