CP13/9 Implementation of the Alternative Investment ... - BVCA admin

whether or not the portfolio may contain units in a collective
investment scheme invest in funds either operated managed
or advised by the operator firm or by an associate of the
operator firm or in a collective investment scheme fund
which is not a regulated collective investment scheme;
(25) Investments in securities underwritten by the operator firm
whether or not the portfolio may contain securities of which
any issue or offer for sale was underwritten, managed or
arranged by the operator firm or by an associate of the
operator firm during the preceding 12 months.
Application of COBS 18.5.10E to a full scope UK AIFM
18.5.10A R A full scope UK AIFM which markets an unauthorised AIF to a retail
client must, in addition to providing the information in FUND 3.2,
take reasonable steps to offer and, if requested, provide to that
potential investor information about the following items in the COBS
18.5.10E table (content of fund documents):
(1) (1) (Regulator);
(2) (4) (Commencement);
(3) (5) (Accounting);
(4) (6) (Termination method);
(5) (7) (Complaints procedure);
(6) (8) (Compensation);
(7) (13) (Exchange rates);
(8) (14) (Stabilised investments);
(9) (16) (Use of dealing commission);
(10) (17) (Acting as principal);
(11) (23) (Underwriting commitments);
(12) (24) (Investments in other funds); and
(13) (25) (Investments in securities underwritten by the firm).
Periodic statements for an unregulated collective investments scheme
unauthorised fund
18.5.11 R An operator of an unregulated collective investment scheme A small
authorised UK AIFM of an unauthorised AIF or a residual CIS
operator must, subject to the exceptions from the requirement to
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