Content Options

Add to favourites

View Options

More Resources:

External link Handbook Publications

COBS 18.9 1ICVCs

COBS 18.9.1RRP
12
  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. (2)

    COBS 14.2 (Providing product information to clients) applies to an ICVC that is a UCITS scheme.2

  3. (3)

    5COBS 2.2B (SRD requirements) applies to an ICVC that is a UCITS scheme without a separate management company.

COBS 18.9.2GRP

Firms should note that the operator of an ICVC when it is undertaking scheme management activity will be subject to:3

  1. (1)

    3COBS 18.5.2R if the operator is a small authorised UK AIFM; or

  2. (2)

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

  3. (3)

    3COBS 18.5B.2R if the operator is a UCITS management company.