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COBS 18.9 ICVCs

10/06/2019R
  1. (1)

    The financial promotion rules in COBS apply to an ICVC, except that COBS 4.13 (UCITS) applies only to an ICVC that is a UCITS scheme.

  2. (2)

    COBS 14.2 (Providing product information to clients) applies to an ICVC that is a UCITS scheme.

  3. (3)

    COBS 2.2B (SRD requirements) applies to an ICVC that is a UCITS scheme without a separate management company.

01/01/2021G

Firms should note that the operator of an ICVC when it is undertaking scheme management activity will be subject to:

  1. (1)

    COBS 18.5.2R if the operator is a small authorised UK AIFM; or

  2. (2)

    COBS 18.5A.3R if the operator is a full-scope UK AIFM; or

  3. (3)

    COBS 18.5B.2R if the operator is a UCITS management company.