Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  1. Point in time
    2006-04-06

CIS 3.1 Introduction

Application

CIS 3.1.1R

The rules and guidance in this chapter apply in accordance with CIS 3.1.2 R (Table of application).

CIS 3.1.2R

Table of application

This table belongs to CIS 3.1.1 R

Paragraph or section number

ICVC

ACD

Any other directors of an ICVC

Manager of an AUT

3.2

X

X

X

X

3.3

X

X

X

3.4

X

X

X

X

3.5

X

X

X

X

Note: "X" means applies.

Purpose

CIS 3.1.3G
  1. (1)

    The purpose of this chapter is to assist in achieving the regulatory objective of protecting consumers as envisaged by sections 2 and 5 of the Act by enabling consumers to have access to up to date detailed information about an AUT or ICVC before units are sold to them. The rules in this chapter also take account of Principle 7 (Communication with clients) that a firm must pay due regard to the information needs of its customers.

  2. (2)

    In addition, this chapter sets out responsibility for a prospectus and the requirements relating to changes to it.

  3. (3)

    This chapter contains "scheme particulars rules" as provided for by section 248 of the Act and referred to in regulation 6(1) of the OEIC regulations. The rules in this chapter also satisfy the requirements of the UCITS directive, relating to the minimum information to be included in a prospectus.

  4. (4)

    Although the term prospectus is used in regulation 6(2) of the OEIC regulations and in this sourcebook, the document that contains the requisite information may be entitled "scheme particulars".

  5. (5)

    In addition COB 6 (Product disclosure) contains rules and guidance relating to information about authorised funds which must be provided or made available at the point of sale. 1