Notes for CIS Applications and Notifications

Please note - if you are applying for authorisation of a new fund that will operate as a fund of alternative investment funds (FAIF) or for alteration of an existing fund so that it will operate as a FAIF, you will be required to provide the following with the application:

1. Details of how compliance with the due diligence requirements under COLL will be achieved and monitored;
2. Details of the resources dedicated to the due diligence process;
3. Details relating to delegated functions - this must include details of the oversight you will be undertaking; and
4. Confirmation of whether the depositary has reviewed, and is satisfied with, the due diligence process.

The CIS Authorisations Team deals with all CIS applications and notifications.