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COLL 3.1 Introduction



This chapter applies to:

  1. (1)

    an authorised fund manager of an AUT, ACS1 or an ICVC;

  2. (2)

    any other director of an ICVC;

  3. (3)

    a depositary of an AUT, ACS1 or an ICVC; and

  4. (4)

    an ICVC,

where the AUT, ACS1 or ICVC is a UCITS scheme or a non-UCITS retail scheme.



This chapter assists in achieving the statutory objective of protecting consumers. In particular:

  1. (1)

    COLL 3.2 (The instrument constituting the scheme) contains requirements about provisions which must be included in the instrument constituting the scheme to give a similar degree of protection for investors in an ICVC, AUT or ACS;1 and

  2. (2)

    COLL 3.3 (Units) provides rules and guidance which deal with the classes of units to ensure that investors in each class are treated equally.