This sourcebook, except for COLL 9 (Recognised schemes), applies to:
- (b) 3
- (c) 4
- (cA) 4
COLL TP 1.1(48) contains transitional provisions that apply in relation to any scheme that will need to become a regulated money market fund in accordance with the Money Market Funds Regulation, and which operates as a scheme prior to 21 July 2018.5
The general purpose of this sourcebook is to contribute to the FCA meeting its statutory objectives of the protection of consumers. It provides a regime of product regulation for authorised funds, which sets appropriate standards of protection for investors by specifying a number of features of those products and how they are to be operated.
In addition, this sourcebook implemented6 part of the requirements of the UCITS Directive 6relevant to authorised funds and management companies,3 along6 with other requirements implemented in other parts of the Handbook.22