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:
- Details of how compliance with the due diligence requirements under COLL will be achieved and monitored;
- Details of the resources dedicated to the due diligence process;
- Details relating to delegated functions - this must include details of the oversight you will be undertaking; and
- 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.