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Status: You are viewing the version of the handbook as on 2005-06-30.

CIS Sch 2 Notification requirements

CIS Sch 2.1G

This schedule sets out the notification requirements detailed in CIS in respect only of notifications to be provided to the FSA.

CIS Sch 2.2G

Handbook reference

Matter to be notified

Contents of notification

Trigger event

Time allowed

CIS 1.1.1A R

Election to comply with COLL

Details and date of occurrence

When election takes effect

Before election takes effect

CIS 3.2.2 R

Prospectus

Copy provided

Marketingscheme

Before marketing begins

CIS 5.2.26 R (2)

Risk management process and any material alteration to it

Methods of estimating risk, types of derivative their underlying risk and any quantitative limits

Application for authorisation as a scheme complying with CIS 5 or any subsequent proposed material alteration to the risk management process

Up until authorisation to comply with CIS 5 or introduction of the alteration to the process, as appropriate1

CIS 7.2.1 R (3)

Change to directors details or controller of ACD

Details

Immediately after the event

Immediate

CIS 7.3.4 R

Capital of ICVC

Details if capital falls below minimum or greater than maximum

Occurrence

Immediate

CIS 7.4.3 R (1)

Mismanagement of ICVC

Details

Occurrence

Immediate

CIS 7.4.3.R (4)

Perceived mismanagement of ICVC

Details

Where an investigation by the depositary takes over 90 days

Immediate

CIS 7.9.3 R (1)

Mismanagement of unit trust

Details

Occurrence

Immediate

CIS 7.9.3 R (2)

Perceived mismanagement of unit trust

Details

Where an investigation by the trustee takes over 90 days

Immediate

CIS 10.5.2 R (6)

Annual and Half yearly reports

Copies

End of annual or half-yearly accounting period

Publication

CIS 11.5.1 G

Scheme of Arrangement

Details

Proposal that the scheme will be involved in a scheme of arrangement

One month before proposed change.

CIS 12.5.5 R

ICVC with only one sub-fund

Action to rectify situation

Umbrella has only one sub-fund

24 months

CIS 13.1.3 R

Suspension of dealing

Details including reason for suspension

Occurrence

Immediate

CIS 14.2.4 R (5)

Winding up a solvent ICVC

Solvency statement

Winding up a solvent ICVC

Within 21 days of notice given under regulation 20 of OEIC regulations

CIS 14.2.6 R (8)

Winding up a solvent ICVC

Completion of winding up

Winding up a solvent ICVC

As soon as reasonably practical after winding up completed.

CIS 14.2.7 R (6)

Winding up a solvent ICVC

Final accounts

End of final accounting period

Two months

CIS 14.3.4 R (5)

Winding up a solvent ICVCsub-fund

Solvency statement

Winding up a solvent ICVCsub-fund

Within 21 days of notice given under regulation 20 of OEIC regulations

CIS 14.3.7 R (5)

Winding up a solvent ICVCsub-fund

Termination account and auditor's report

Termination of sub-fund

Two months

CIS 14.4.3 R (5)

Winding up of an AUT

Completion of winding up

Winding up of an AUT

Immediate

CIS 16.1.4 G

Application for authorisation of an ICVC

Details

Intention to operate an ICVC

Six months before launch (service standard 6 weeks)

CIS 16.1.6 G

Application for authorisation of a unit trust

Details

Intention to manage a unit trust

Six months before launch (service standards 6 weeks)

CIS 16.1.8 G

Notification of scheme constituted in an EEA State to market in the UK

Details

Wish to market scheme in UK

May market two months after appropriate notification

CIS 16.1.9 G

Notification of a scheme constituted in a designated territory

Details

Intention to market scheme in UK

On approval or no later than two months following notification

CIS 16.1.10 G

Notification of a scheme

Details

Intention to market scheme in the UK

On approval which may take 6 months.

CIS 16.1.11 G

Change to ICVC

Details

Intention to change scheme

One month before change

CIS 16.1.12 G

Change to AUT

Details

Intention to change scheme

One month before change

CIS 16.4.1 R

Change to ICVC

Details

Change to scheme

14 days

App CIS G 3 (2) - (4)

Box management Errors

Details

Errors in box management

Immediate13