Content Options

Content Options

Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

COLL 2.1 Authorised fund applications

Application

COLL 2.1.1 R RP

This chapter applies to any person seeking to arrange for the authorisation of a scheme.

Purpose

COLL 2.1.2 G RP

This chapter helps in achieving the statutory objectives of protecting consumers by ensuring that any application for authorisation of a fund meets certain standards.

Explanation

COLL 2.1.3 G RP
  1. (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),2section 242 of the Act (Applications for authorisation of unit trust schemes) or section 261C of the Act (Applications for authorisation of contractual schemes)2.

    2
  2. (2)

    COLLG 3A (The FCA’s responsibilities under the Act) and COLLG 4A (The FCA’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 FCA.3

    3333333

Specific requirements on application

COLL 2.1.4 D RP

An application for an authorisation order in respect of an authorised fund must be:

  1. (1)

    in writing in the manner directed and contain the information required in the application form available from the FCA;

  2. (2)

    addressed for the attention of a member of FCA staff responsible for collective investment scheme authorisation matters; and

  3. (3)

    delivered to the FCA'saddress by one of the following methods:

    1. (a)

      posting; or

    2. (b)

      leaving it at the FCA's address and obtaining a time-stamped receipt; or

    3. (c)

      delivery by hand to a member of FCA staff responsible for collective investment scheme authorisation matters.

COLL 2.1.5 G RP

[deleted]4

1 2 2 2 2 2 2