COLL 2.1 Authorised fund applications
Application
Purpose
This chapter helps in achieving the regulatory objective of protecting consumers by ensuring that any application for authorisation of a fund meets certain standards.
Explanation
-
(1)
This chapter sets out the requirements that a person must follow in applying for an authorisation order for a scheme under regulation 12 of the OEIC Regulations (Applications for authorisation) or section 242 of the Act (Applications for authorisation of unit trust schemes).
-
(2)
COLLG 3 (The FSA's responsibilities under the Act) and COLLG 4 (The FSA's responsibilities under the OEIC Regulations) provide more information on what the Act and the OEIC Regulations require in relation to ongoing notifications to the FSA .
Specific requirements on application
An application for an authorisation order in respect of an authorised fund must be:
-
(1)
in writing in the manner directed and contain the information required in the application form available from the FSA;
-
(2)
addressed for the attention of a member of FSA staff responsible for collective investment scheme authorisation matters; and
-
(3)
delivered to the FSA's address by one of the following methods:
- (a)
posting; or
- (b)
leaving it at the FSA's address and obtaining a time-stamped receipt; or
- (c)
delivery by hand to a member of FSA staff responsible for collective investment scheme authorisation matters.
- (a)