collective portfolio management
118in relation to a management company, the activity of management of UCITS schemes, EEA UCITS schemes or other collective investment undertakings not covered by the UCITS Directive that the management company230 is permitted to carry on in accordance with COLL 6.9.9R or230 article 6(2) of the UCITS Directive as applicable230. This includes the functions mentioned in Annex II to that directive.