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

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COLL 10.1 Introduction


COLL 10.1.1R

This chapter applies to:

  1. (1)

    every person seeking an authorisation order for, or recognition of, a collective investment scheme;

  2. (2)

    every manager of an authorised unit trust;

  3. (3)

    every ACD of an ICVC; and

  4. (4)

    every person who, under the constitution or founding arrangements of a recognised scheme, is responsible for the management of the property held for or within the scheme.


COLL 10.1.2G

The purpose of this chapter is to set out the requirements for the payment of fees relating to collective investment schemes.


COLL 10.1.3G

GEN 3 (FSA Fees - General Provisions) applies to fees required by this chapter and explains how the FSA sets fees.

COLL 10.1.4G

Most of the detail of the fees payable in relation to a collective investment scheme is set out in COLL 10 Annex 1 R. The provisions of the Annex may vary from one financial year to another. Accordingly a fresh COLL 10 Annex 1 R will come into force, following consultation, for each financial year.

COLL 10.1.5G

The fees for collective investment schemes reflect the estimated costs to the FSA of assessing applications and notifications, considering proposals to change regulated collective investment schemes, maintaining up to date records about them, and related policy work.

COLL 10.1.6G

The level of fees payable in respect of an application or notification will vary depending upon the provision of the Act under which it is made, as well as the type of scheme concerned. This fee is adjusted when the scheme concerned is an umbrella scheme.