Related provisions for PERG 9.5.4

PERG 8.21.17G01/10/2005

Article 69 is somewhat1 similar to article 59 in the conditions it imposes (see PERG 8.21.12 G). There1 are two main differences between article 69 and article 59.1(1) Article 69 does not apply to unsolicited real time financial promotions.(2) The requirement in article 59 that the financial promotion be accompanied by accounts or a report is replaced in article 69. It is replaced by a requirement that shares or debentures of the company or another body corporate in its group1

BIPRU 3.2.9R01/01/2007

A firm must assign each exposure to one of the following exposure classes:(1) claims or contingent claims on central governments or central banks;(2) claims or contingent claims on regional governments or local authorities;(3) claims or contingent claims on administrative bodies and non-commercial undertakings;(4) claims or contingent claims on multilateral development banks;(5) claims or contingent claims on international organisation;(6) claims or contingent claims on institutions;(7)

PERG 4.6.10G01/07/2005

For the purposes of article 53A, advice must be given to or directed at someone who is acting as borrower or potential borrower. As indicated in PERG 4.4.2 G (Which borrowers?), this means the individual or trustee to whom the credit has been provided by the lender or who is looking to obtain the credit on the security of his property. Advice given to a body corporate will not generally be caught because the advice will not concern a regulated mortgage contract, as defined. But

COLL 6.4.6R01/04/2004

(1) Every unitholder is entitled to transfer units held on the register by an instrument of transfer in any form that the person responsible for the register may approve, but that person is under no duty to accept a transfer unless:(a) it is permitted by the trust deed or prospectus; and(b) the transfer is excluded by Schedule 19 of the Finance Act 1999 from a charge to stamp duty reserve tax, or there has been paid to the trustee, for the account of the AUT, an amount agreed

PR 5.5.3R01/07/2005

(1) This rule applies to a prospectus relating to:(a) equity shares;(b) warrants or options to subscribe for equity shares, that are issued by the issuer of the equity shares; and(c) other transferable securities that have similar characteristics to transferable securities referred to in paragraphs (a) or (b).(2) Each of the following persons are responsible for the prospectus:(a) the issuer of the transferable securities;(b) if the issuer is a body corporate:(i) each person who

REC 5.1.1G21/06/2001

A body corporate or an unincorporated association may apply to the FSA for recognition as a UK recognised body under sections 287 (Application by an investment exchange) or 288 (Application by a clearing house) of the Act.

PERG 8.17.10G01/07/2005

Article 46 (Qualifying credit to bodies corporate) exempts any financial promotion about providing qualifying credit if it is:(1) made to or directed at bodies corporate only; or(2) accompanied by an indication that the qualifying credit to which it relates is only available to bodies corporate.

PERG 2.6.9G01/07/2005

Shares are defined in the Regulated Activities Order as shares or stock in a wide range of entities; that is, any body corporate wherever incorporated and unincorporated bodies formed under the law of a country other than the United Kingdom. They include deferred shares issued by building societies as well as transferable shares in industrial and provident societies, credit unions and equivalent EEA bodies. These shares are transferable and negotiable in a way similar to other

COLL 6.6.17R01/04/2004

(1) The authorised fund manager, any other director of an ICVC and the depositary must take reasonable care to ensure that a transaction within (a) to (f) is not carried out on behalf of the scheme:(a) putting cash on deposit with an affected person unless that person is an eligible institution or an approved bank and the arm's length requirement in (2) is satisfied;(b) lending money by an affected person to, or for the account of, the scheme, unless the affected person is an

PRIN 1.2.6G01/12/2001

If the person with or for whom the firm is carrying on an activity is acting through an agent, the ability of the firm to treat the agent as its client under COB 4.1.5 R (Agent as client) will not be available. For example, if a general insurer is effecting a general insurance contract through a general insurance broker who is acting as agent for a disclosed policyholder, the policyholder will be a client of the firm and the firm must comply with the Principles accordingly.

PR App 1.1.128/08/2007

1Note: The following definitions relevant to the prospectus rules are extracted from the Glossary.

Act	the Financial Services and Markets Act 2000.
admission to trading	admission to trading on a regulated market.
advertisement	(as defined in the PD Regulation) announcements:
	(1)	relating to a specific offer to the public of securities or to an admission to trading on a regulated market; and
	(2)	aiming to specifically promote the potential subscription or acquisition of securities.
annual information update	the document referred to in PR 5.2.1 R.
applicant	an applicant for approval of a prospectus or supplementary prospectus relating to transferable securities.
asset backed security	(as defined in the PD Regulation) securities which:
	(1)	represent an interest in assets, including any rights intended to assure servicing, or the receipt or timeliness of receipts by holders of assets of amounts payable thereunder; or
	(2)	are secured by assets and the terms of which provide for payments which relate to payments or reasonable projections of payments calculated by reference to identified or identifiable assets.
base prospectus	a base prospectus referred to in PR 2.2.7 R.
body corporate	(in accordance with section 417(1) of the Act (Definitions) any body corporate, including a body corporate constituted under the law of a country or territory outside the United Kingdom;
building block	(as defined in the PD Regulation) a list of additional information requirements, not included in one of the schedules, to be added to one or more schedules, as the case may be, depending on the type of instrument and/or transaction for which a prospectus or base prospectus is drawn up.
CARD	Consolidated Admissions and Reporting Directive.
CESR recommendations	the recommendations for the consistent implementation of the European Commission's Regulation on Prospectuses no 809/2004 published by the Committee of European Securities Regulators.
collective investment undertaking other than the closed-end type	(in PR) (as defined in Article 2.1(o) of the prospectus directive) unit trusts and investment companies:
	(1)	the object of which is the collective investment of capital provided by the public, and which operate on the principle of risk-spreading;
	(2)	the units of which are, at the holder's request, repurchased or redeemed, directly or indirectly, out of the assets of these undertakings.
Consolidated Admissions and Reporting Directive	Directive 2001/34/EC of the European Parliament and of the Council on the admission of securities to official stock exchange listing and on information to be published on those securities.
credit institution	as defined in article 1(1) of the Banking Consolidation Directive.
director	(in accordance with section 417(1)(a) of the Act) a person occupying in relation to it the position of a director (by whatever name called) and, in relation to an issuer which is not a body corporate, a person with corresponding powers and duties.
EEA State	(in accordance with paragraph 8 of Schedule 3 to the Act (EEA Passport Rights)) a State which is a contracting party to the agreement on the European Economic Area signed at Oporto on 2 May 1992, as it has effect for the time being; as at 1 May 2004, the following are the EEA States: Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden and the United Kingdom.
equity security	(as defined in Article 2.1(b) of the prospectus directive) shares and other transferable securities equivalent to shares in companies, as well as any other type of transferable securities giving the right to acquire any of the aforementioned securities as a consequence of their being converted or the rights conferred by them being exercised, provided that securities of the latter type are issued by the issuer of the underlying shares or by an entity belonging to the group of the said issuer.
equity share	shares comprised in a company's equity share capital.
equity share capital	(for a company), its issued share capital excluding any part of that capital which, neither as respects dividends nor as respects capital, carries any right to participate beyond a specified amount in a distribution.
executive procedures	the procedures relating to the giving of warning notices, decision notices and supervisory notices that are described in DEPP 4 (Decision by FSA staff under executive procedures)2. 2 2
FSA	the Financial Services Authority.
guarantee	(as defined in the PD Regulation) any arrangement intended to ensure that any obligation material to the issue will be duly serviced, whether in the form of guarantee, surety, keep well agreement, mono-line insurance policy or other equivalent commitment.
guarantor	a person that provides a guarantee.
Home State or Home Member State	(as defined in section 102C of the Act) in relation to an issuer of transferable securities, the EEA State which is the "home Member State" for the purposes of the prospectus directive (which is to be determined in accordance with Article 2.1(m) of that directive).
Host State or Host Member State	(as defined in Article 2.1(n) of the prospectus directive) the EEA State where an offer to the public is made or admission to trading is sought, when different from the home State.
Investment Services Directive	the Council Directive of 10 May 1993 on investment services in the securities field (No 93/22/EEC).
ISD	Investment Services Directive.
issuer	(as defined in section 102A of the Act) a legal person who issues or proposes to issue the transferable securities in question.
non-equity transferable securities	(as defined in section 102A of the Act) all transferable securities that are not equity securities.
	Note: In the prospectus directive and the PD Regulation, the Commission uses the term "non-equity securities" rather than "non-equity transferable securities".
offer	an offer of transferable securities to the public.
offer of transferable securities to the public	(as defined in section 102B of the Act), in summary:
	(a)	a communication to any person which presents sufficient information on: (i) the transferable securities to be offered, and (ii) the terms on which they are offered, to enable an investor to decide to buy or subscribe for the securities in question;
	(b)	which is made in any form or by any means;
	(c)	including the placing of securities through a financial intermediary;
	(d)	but not including a communication in connection with trading on: (i) a regulated market; (ii) a multilateral trading facility; or (iii) any market prescribed by an order under section 130A of the Act.
	Note: This is only a summary, to see the full text of the definition, readers should consult section 102B of the Act.
offering programme	(as defined in Article 2.1(k) of the prospectus directive) a plan which would permit the issuance of non-equity securities, including warrants in any form, having a similar type and/or class, in a continuous or repeated manner during a specified issuing period.
offeror	a person who makes an offer of transferable securities to the public.
overseas company	a company incorporated outside the United Kingdom.
Part 6 rules	(in accordance with section 73A(1) of the Act), rules made for the purposes of Part 6 of the Act.
PD	prospectus directive.
PD Regulation	Regulation number 809/2004 of the European Commission.
person	(in accordance with the Interpretation Act 1978) any person, including a body of persons corporate or unincorporated that is, a natural person, a legal person and, for example, a partnership).
PR	the Prospectus Rules sourcebook.
profit estimate	(as defined in the PD Regulation) a profit forecast for a financial period which has expired and for which results have not yet been published.
profit forecast	(as defined in the PD Regulation) a form of words which expressly states or by implication indicates a figure or a minimum or maximum figure for the likely level of profits or losses for the current financial period and/or financial periods subsequent to that period, or contains data from which a calculation of such a figure for future profits or losses may be made, even if no particular figure is mentioned and the word "profit" is not used.
property collective investment undertaking	(as defined in the PD Regulation) a collective investment undertaking whose investment objective is the participation in the holding of property in the long term.
prospectus	a prospectus required under the prospectus directive.
prospectus directive	the Directive of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading (No 2003/71/EC).
Prospectus Rules	(as defined in section 73A(4) of the Act) rules expressed to relate to transferable securities.
Public international body	(as defined in the PD Regulation) a legal entity of public nature established by an international treaty between sovereign States and of which one or more Member States are members.
qualified investor	(as defined in section 86(7) of the Act) :
	(a)	any entity falling within the meaning of Article 2(1)(e)(i), (ii) or (iii) of the prospectus directive;
	(b)	An investor registered on the register maintained by the competent authority under section 87R;
	(c)	An investor authorised by an EEA State other than the United Kingdom to be considered as a qualified investor for the purposes of the prospectus directive.
register	register of qualified investors maintained by the FSA under section 87R of the Act.
registration document	a registration document referred to in PR 2.2.2 R.
regulated information	(as defined in the PD Regulation) all information which the issuer, or any person who has applied for the admission of securities to trading on a regulated market without the issuer’s consent, is required to disclose under Directive 2001/34/EC or under Article 6 of Directive 2003/6/EC.
regulated market	(a)	(as defined in article 1 of the ISD) a market for the instruments listed in Section B of the Annex to the ISD which: (i) appears on the list of such markets drawn up by the market's Home State as required by article 16 of the ISD; (ii) functions regularly; (iii) is characterised by the fact that regulations issued or approved by the competent authorities define the conditions for the operation of the market, the conditions for access to the market and, where Directive 79/279/EEC is applicable, the conditions governing admission to listing imposed in that Directive and, where that Directive is not applicable, the conditions that must be satisfied by a financial instrument before it can effectively be dealt in on the market; and (iv)requires compliance with all the reporting and transparency requirements laid down by articles 20 and 21 of the ISD; and
	(b)	a market notified under article 16 of the ISD, as included in point 30b of Annex IX to the Agreement of the European Economic Area, to the Standing Committee of the EFTA States as defined in that agreement.
RIS	Regulatory Information Service.
risk factors	(as defined in the PD Regulation) a list of risks which are specific to the situation of the issuer and/or the securities and which are material for taking investment decisions.
rule	(in accordance with section 417(1) of the Act (Definitions)) a rule made by the FSA under the Act.
schedule	(as defined in the PD Regulation) a list of minimum information requirements adapted to the particular nature of the different types of issuers and/or the different securities involved.
securities issued in a continuous and repeated manner	(as defined in Article 2.1(l) of the prospectus directive) issues on tap or at least two separate issues of securities of a similar type and/or class over a period of 12 months.
securities note	a securities note referred to in PR 2.2.2 R.
small and medium-sized enterprise	(as defined in Article 2.1(f) of the prospectus directive) companies, which, according to their last annual or consolidated accounts, meet at least two of the following three criteria: an average number of employees during the financial year of less than 250, a total balance sheet not exceeding €43,000,000 and an annual net turnover not exceeding €50,000,000.
special purpose vehicle	(as defined in the PD Regulation) an issuer whose objects and purposes are primarily the issue of securities.
statutory notice associated decision	a decision which is made by the FSA and which is associated with a decision to give a statutory notice, including a decision:
statutory notice decision	a decision by the FSA on whether or not to give a statutory notice.
	(a)	to determine or extend the period for making representations;
	(b)	to determine whether a copy of the statutory notice needs to be given to any third party and the period for him to make representations;
	(c)	to refuse access to FSA material;
	(d)	as to the information which it is appropriate to publish about the matter to which a final notice or an effective supervisory notice relates.
summary	(in relation to a prospectus) the summary included in the prospectus.
supplementary prospectus	a supplementary prospectus containing details of a new factor, mistake or inaccuracy.
transferable security	(as defined in section 102A of the Act) anything which is a transferable security for the purposes of the investment services directive, other than money-market instruments for the purposes of that directive which have a maturity of less than 12 months.
	Note: In the prospectus directive and PD regulation, the Commission uses the term "security" rather than "transferable security".
umbrella collective investment scheme	(as defined in the PD Regulation) a collective investment undertaking invested in one or more collective investment undertakings, the asset of which is composed of separate class(es) or designation(s) of securities.
United Kingdom	England and Wales, Scotland and Northern Ireland (but not the Channel Islands or the Isle of Man).
units of a collective investment scheme	(as defined in Article 2.1(p) of the prospectus directive) securities issued by a collective investment undertaking as representing the rights of the participants in such an undertaking over its assets.
working day	(as defined in section 103 of the Act) any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.

COLL 8.2.6R01/04/2004

This table belongs to COLL 8.2.5 R

1	Description of the authorised fund
	Information detailing:
	(1)	the name of the authorised fund;
	(2)	that the authorised fund is a qualified investor scheme; and
	(3)	in the case of an ICVC, whether the head office of the company is situated in England and Wales or Wales or Scotland or Northern Ireland.
2	Constitution
	The following statements:
	(1)	the scheme property of the scheme is entrusted to a depositary for safekeeping (subject to any exception permitted by the rules);
	(2)	if relevant, the duration of the scheme is limited and, if so, for how long;
	(3)	charges and expenses of the scheme may be taken out of scheme property;
	(4)	for an ICVC:
		(a)	what the maximum and minimum sizes of the scheme's capital are; and
		(b)	the unitholders are not liable for the debts of the company; and
	(5)	for an AUT:
		(a)	the trust deed:
			(i)	is made under and governed by the law of England and Wales, or the law of Scotland or the law of Northern Ireland;
			(ii)	is binding on each unitholder as if he had been a party to it and that he is bound by its provisions; and
			(iii)	authorises and requires the trustee and the manager to do the things required or permitted of them by its terms;
		(b)	subject to the provisions of the trust deed and all the rules made under section 247 of the Act (Trust scheme rules):
			(i)	the scheme (other than sums held to the credit of the distribution account) is held by the trustee on trust for the unitholders according to the number of units held by each unitholder or, where relevant, according to the number of individual shares in the scheme property represented by the units held by each unitholder; and
			(ii)	the sums standing to the credit of any distribution account are held by the trustee on trust to distribute or apply in accordance with COLL 8.5.15 R (Income);
		(c)	a Unitholder is not liable to make any further payment after he has paid the price of his units and that no further liability can be imposed on him in respect of the units he holds; and
		(d)	payments to the trustee by way of remuneration are authorised to be paid (in whole or in part) out of the scheme property.
3	Investment objectives
	A statement of the object of the scheme, in particular the types of investments and assets in which it and each sub-fund (where applicable) may invest and that the object of the scheme is to invest in property of that kind with the aim of spreading investment risk.
4	Units in the scheme
	A statement of:
	(1)	the classes of units which the scheme may issue, indicating, for a scheme which is an umbrella, which class or classes may be issued in respect of each sub-fund; and
	(2)	the rights attaching to units of each class (including any provisions for the expression in two denominations of such rights).
5	Limitation on issue of and redemption of units
	Details as to:
	(1)	the provisions relating to any restrictions on the right to redeem units in any class; and
	(2)	the circumstances in which the issue of the units of any particular class may be limited.
6	Income and distribution
	Details of the person responsible for the calculation, transfer, allocation and distribution of income for any class of unit in issue during the accounting period.
7	Base currency
	A statement of the base currency of the scheme.
8	Meetings
	Details of the procedures for the convening of meetings and the procedures relating to resolutions, voting and the voting rights for unitholders.
9	Powers and duties of the authorised fund manager and depositary
	Where relevant, details of any function to be undertaken by the authorised fund manager and depositary which the rules in COLL require to be stated in the instrument constituting the scheme.
10	Termination and suspension
	Details of:
	(1)	the grounds under which the authorised fund manager may initiate a suspension of the scheme and any associated procedures; and
	(2)	the methodology for determining the rights of unitholders to participate in the scheme property on winding up.
11	Other relevant matters
	Details of those matters which enable the scheme, authorised fund manager or depositary to obtain any privilege or power conferred by the rules in COLL which is not otherwise provided for in the instrument constituting the scheme.

SUP 12.7.2G14/10/2005

A firm's notice under SUP 12.7.1 R should give details of the appointed representative and the regulated activities which the firm is, or intends to, carry on through the appointed representative, including:(1) the name of the firm's new appointed representative (if the appointed representative is a body corporate, this is its registered name);(2) any trading name under which the firm's new appointed representative carries on a regulated activity in that capacity;(3) a description

SUP 12.5.6AR06/04/2007

(1) 4A firm must ensure that, if appointing an appointed representative (other than an introducer appointed representative), to carry on any of the following regulated activities, its written contract prohibits the appointed representative from carrying on any of the specified activities as an appointed representative for another firm:4(a) any designated investment business for private customers: the prohibition must cover all designated investment business for private customers;4(b)

SYSC 4.2.3G01/01/2007

In the case of a body corporate, the persons referred to in SYSC 4.2.2 R should either be executive directors or persons granted executive powers by, and reporting immediately to, the governing body. In the case of a partnership, they should be active partners.

COLL 8.3.4R01/04/2004

This table belongs to COLL 8.3.2 R.

1	Document status
	A statement that this document is the prospectus of the authorised fund valid as at a particular date which shall be the date of the document.
2	Description of the authorised fund
	Information detailing:
	(1)	the name of the authorised fund;
	(2)	that the authorised fund is either an ICVC or an AUT;
	(3)	that the scheme is a qualified investor scheme;
	(4)	where relevant, that the unitholders in an ICVC are not liable for the debts of the authorised fund;
	(5)	where relevant, the address of the ICVC's head office and the address in the United Kingdom for service on the ICVC of documents required or authorised to be served on it;
	(6)	the effective date of the authorisation order made by the FSA and, if the duration of the authorised fund is not unlimited, when it will or may terminate;
	(7)	the base currency for the authorised fund;
	(8)	where relevant, the maximum and minimum sizes of the ICVC's capital; and
	(9)	the circumstances in which the authorised fund may be wound up under the rules in COLL and a summary of the procedure for, and the rights of unitholders under, such a winding up.
3	Investment objectives and policy
	(1)	Sufficient information to enable a unitholder to ascertain:
		(a)	the investment objectives of the authorised fund;
		(b)	the authorised fund's investment policy for achieving those investment objectives, including:
			(i)	the general nature of the portfolio and any intended specialisation;
			(ii)	the policy for the spreading of risk in the scheme property; and
			(iii)	the policy in relation to the exercise of borrowing powers;
		(c)	a description of any restrictions in the assets in which investment may be made; and
		(d)	the extent (if any) to which that investment policy does not envisage remaining fully invested at all times.
	(2)	For investment in immovables :
		(a)	the countries or territories of immovables in which the authorised fund may invest;
		(b)	the policy of the authorised fund manager in relation to insurance of immovables forming part of the scheme property; and
		(c)	the policy of the authorised fund manager in relation to the granting of options over immovables in the scheme property and the purchase of options on immovables.
	(3)	If intended, whether the scheme property may consist of units in collective investment schemes ("second schemes") which are managed by or operated by the authorised fund manager or by one of its associates and a statement as:
		(a)	to the basis of the maximum amount of the charges in respect of transactions in a second scheme; and
		(b)	the extent to which any such charges will be reimbursed to the scheme.
	(4)	If intended, whether the scheme may enter into stock lending transactions and, if so, what procedures will operate and what collateral will be required.
4	Distributions and accounting dates
	Relevant details of accounting and distribution dates and a description of the procedures:
	(1)	for determining and applying income (including how any distributable income is paid); and
	(2)	relating to unclaimed distributions.
5	The characteristics of units in the authorised fund
	Information as to:
	(1)	the names of the classes of units in issue or available for issue and the rights attached to them in so far as they vary from the rights attached to other classes;
	(2)	how unitholders may exercise their voting rights and what these are; and
	(3)	the circumstances where a mandatory redemption, cancellation or conversion of units from one class to another may be required.
6	The authorised fund manager
	The following particulars of the authorised fund manager:
	(1)	its name and the nature of its corporate form;
	(2)	the country or territory of its incorporation;
	(3)	the date of its incorporation and if the duration of its corporate status is limited, when that status will or may cease;
	(4)	if it is a subsidiary, the name of its ultimate holding company and the country or territory in which that holding company is incorporated;
	(5)	the address of its registered office, its head office, and, if different, the address of its principal place of business in the United Kingdom;
	(6)	the amount of its issued share capital and how much of it is paid up;
	(7)	for an ICVC, a summary of the material provisions of the contract between the ICVC and the authorised fund manager which may be relevant to unitholders including provisions (if any) relating to termination, compensation on termination and indemnity; and
	(8)	for an AUT, the names of the directors of the manager.
7	Directors of an ICVC, other than the ACD
	Other than for the ACD:
	(1)	the names and positions in the ICVC of the directors; and
	(2)	the manner, amount and calculation of the remuneration of the directors.
8	The depositary
	The following particulars of the depositary:
	(1)	its name and the nature of its corporate form;
	(2)	the country or territory of its incorporation;
	(3)	the address of its registered office and the address of its head office if that is different from the address of its registered office; and
	(4)	if neither its registered office nor its head office is in the United Kingdom, the address of its principal place of business in the United Kingdom.
9	The investment adviser
	If an investment adviser is retained in connection with the business of the authorised fund, its name and whether or not it is authorised by the FSA.
10	The auditor
	The name of the auditor of the authorised fund.
11	The register of Unitholders
	Details of the address in the United Kingdom where the register of unitholders is kept and can be inspected by unitholders.
12	Payments out of the scheme property
	The payments that may be made out of the scheme property to any person whether by way of remuneration for services, or reimbursement of expense and for each category of remuneration or expense, the following should be specified:
	(1)	the current rates or amounts of such remuneration;
	(2)	how the remuneration will be calculated and accrue and when it will be paid;
	(3)	if notice has been given to unitholders of the authorised fund manager's intention to:
		(a)	introduce a new category of remuneration for its services; or
		(b)	increase the basis of any current charge; or
		(c)	change the basis of the treatment of a payment from the capital property set out in COLL 8.5.13 R (2) (Payments);
		particulars of that introduction or increase and when it will take place;
	(4)	the types of any other charges and expenses that may be taken out of the scheme property; and
	(5)	if, in accordance with COLL 8.5.13 R (2), all or part of the remuneration or expense are to be treated as a capital charge:
		(a)	that fact; and
		(b)	the basis of the charge which may be so treated
13	Dealing
	Details of:
	(1)	the dealing days and times in the dealing day on which the authorised fund manager will receive requests for the sale and redemption of units;
	(2)	the procedures for effecting:
		(a)	the issue and cancellation of units;
		(b)	the sale and redemption of units; and
		(c)	the settlement of transactions;
	(3)	the steps required to be taken by a unitholder in redeeming units before he can receive the proceeds including any relevant notice periods and the circumstances and periods where a deferral of payment as provided in COLL 8.5.11 R (3) (Sale and redemption) may be applied;
	(4)	the circumstances in which the redemption of units may be suspended;
	(5)	the days and times in the day on which recalculation of the price will commence;
	(6)	details of the minimum number or value of each type of unit in the authorised fund which:
		(a)	any one person may hold; and
		(b)	may be the subject of any one transaction of sale or redemption;
	(7)	the circumstances in which the authorised fund manager may arrange for, and the procedure for, a redemption of units in specie;
	(8)	the circumstances in which the further issue of units in any particular class may be limited and the procedures relating to this
	(9)	the circumstances in which direct issue or cancellation of units by the ICVC or the trustee (as appropriate) may occur and the relevant procedures for such issues and cancellations
14	Valuation of scheme property
	Details as to:
	(1)	how frequently and at what times of the day the scheme property will be regularly valued to determine the price at which units in the scheme may be purchased from or redeemed by the authorised fund manager and a description of any circumstance where the scheme property may be specially valued;
	(2)	in relation to each purpose for which the scheme property must be valued, the basis on which it will be valued; and
	(3)	how the price of units of each class will be determined, including whether a forward price or historic price basis is to be applied.
15	Sale and redemption charges
	If the authorised fund manager makes any charges on sale or redemption of units, details of the charging structure and how notice will be provided to unitholders of any increase.
16	General information
	Details as to:
	(1)	when annual and half- yearly reports will be published; and
	(2)	the address at which copies of the instrument constituting the scheme, any amending instrument and the most recent annual reports may be inspected and from which copies may be obtained.
17	Information on the umbrella
	In the case of a scheme which is an umbrella, the following information:
	(1)	that a unitholder may exchange units in one sub-fund for units in another sub-fund and that such an exchange is treated as a redemption and sale;
	(2)	what charges may be made on exchanging units in one sub-fund for units in other sub-funds;
	(3)	the policy for allocating between sub-funds any assets of, or costs, charges and expenses payable out of, the scheme property which are not attributable to any particular sub-fund;
	(4)	in respect of each sub-fund, the currency in which the scheme property allocated to it will be valued and the price of units calculated and payments made, if this currency is not the base currency of the umbrella; and
	(5)	for an ICVC, that the sub-funds are not "ring fenced" and in the event of an umbrella being unable to meet liabilities attributable to any particular sub-fund out of the assets attributable to that sub-fund, the remaining liabilities may have to be met out of the assets attributable to other sub-funds.
18	Application of the prospectus contents to an umbrella
	For a scheme which is an umbrella, information required must be stated:
	(1)	in relation to each sub-fund where the information for any sub-fund differs from that for any other; and
	(2)	for the umbrella as a whole, but only where the information is relevant to the umbrella as a whole.
19	Additional information
	Any other material information which is within the knowledge of the directors of an ICVC or the manager of an AUT, or which the directors or manager would have obtained by the making of reasonable enquiries which investors and their professional advisers would reasonably require, and reasonably expect to find in the prospectus, for the purpose of making an informed judgement about the merits of investing in the authorised fund and the extent and characteristics of the risks accepted by so participating.

SUP 11.5.1R21/06/2001

Information to be submitted by the firm (see SUP 11.4.7 R (2)(a))

(1)	The name of the firm;
(2)	the name of the controller or proposed controller and, if it is a body corporate and is not an authorised person, the names of its directors and its controllers;
(3)	a description of the proposed event including the shareholding and voting power of the person concerned, both before and after the proposed event; and
(4)	any other information of which the FSA would reasonably expect notice, including information which could have a material impact on any of the approval requirements in section 186(2) of the Act (seeSUP 11.7.5 G) and any relevant supporting documentation.

SUP 15.6.7G21/06/2001

Firms are reminded that section 398 of the Act (Misleading the Authority: residual cases) makes it an offence for a firm knowingly or recklessly to provide the FSA with information which is false or misleading in a material particular in purported compliance with the FSA'srules or any other requirement imposed by or under the Act. An offence by a body corporate, partnership or unincorporated association may be attributed to an officer or certain other persons (section 400 of the

FIT 2.1.3G01/02/2004

The matters referred to in FIT 2.1.1 G to which the FSA will have regard include, include, but are not limited to:(1) whether the person has been convicted of any criminal offence; this must include, where relevant, any spent convictions excepted underthe Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 (see Articles 3 and 4 of the order); particular consideration will be given to offences of dishonesty, fraud, financial crime or an offence whether or not in the

Related provisions for PERG 9.5.4

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Information to be submitted by the firm (see SUP 11.4.7 R (2)(a))