Part

COLL Collective Investment Schemes

Chapter

Authorised fund applications

Printed on: 14/10/2024

Rulebook at: 01/07/2012

COLL 2

Authorised fund applications

COLL 2.1

Authorised fund applications

  • 01/12/2004

Application

COLL 2.1.1

handbook-rule
This chapter applies to any person seeking to arrange for the authorisation of a scheme.
  • 01/04/2004

Purpose

COLL 2.1.2

handbook-guidance
This chapter helps in achieving the regulatory objective of protecting consumers by ensuring that any application for authorisation of a fund meets certain standards.
  • 01/04/2004

Explanation

COLL 2.1.3

handbook-guidance
(1) This chapter sets out the requirements that a person must follow in applying for an authorisation order for a scheme under regulation 12 of the OEIC Regulations (Applications for authorisation) or section 242 of the Act (Applications for authorisation of unit trust schemes) .
(2) COLLG 3 (The FSA's responsibilities under the Act) and COLLG 4 (The FSA's responsibilities under the OEIC Regulations) provide more information on what the Act and the OEIC Regulations require in relation to ongoing notifications to the FSA .
  • 01/04/2004

Specific requirements on application

COLL 2.1.4

handbook-directions
An application for an authorisation order in respect of an authorised fund must be:
(1) in writing in the manner directed and contain the information required in the application form available from the FSA ;
(2) addressed for the attention of a member of FSA staff responsible for collective investment scheme authorisation matters; and
(3) delivered to the FSA's address by one of the following methods:
(a) posting; or
(b) leaving it at the FSA's address and obtaining a time-stamped receipt; or
(c) delivery by hand to a member of FSA staff responsible for collective investment scheme authorisation matters.
  • 01/04/2004

Application by an EEA UCITS management company to manage a UCITS scheme

COLL 2.1.5

handbook-guidance
An EEA UCITS management company that proposes to act as the manager of an AUT or the ACD of an ICVC that is a UCITS scheme, should be aware that it is required under paragraph 15A(1) of Schedule 3 to the Act to apply to the FSA for approval to do so. The form that the firm must use for this purpose is set out in SUP 13A Annex 3 R (EEA UCITS management companies: application for approval to manage a UCITS scheme established in the United Kingdom). In addition, those firms are required to provide to the FSA certain fund documentation, as specified by COLL 12.3.4 R (Provision of documentation to the FSA:EEA UCITS management companies).
[Note: article 20(1) of the UCITS Directive]
  • 01/07/2011