Home FCA Handbook COLL COLL 4 COLL 4.1 Introduction
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COLL 4.1 Introduction

Application

01/07/2013R

This chapter applies to:

  1. (1)

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

  2. (2)

    any other director of an ICVC;

  3. (3)

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

  4. (4)

    an ICVC,

where such AUT, ACS or ICVC is a UCITS scheme or a non-UCITS retail scheme.

Purpose

01/04/2013G

This chapter helps in achieving the statutory objective of protecting consumers by ensuring consumers have access to up-to-date detailed information about an authorised fund particularly before buying units and thereafter an appropriate level of investor involvement exists by providing a framework for them to:

  1. (1)

    participate in the decisions on key issues concerning the authorised fund; and

  2. (2)

    be sent regular and relevant information about the authorised fund.

Product disclosure

06/04/2026G
  1. (1) DISC contains rules and guidance which apply to an ICVC, an authorised fund manager of an AUT or ICVC and any other director of an ICVC where the AUT or ICVC is a consumer composite investment made available to a retail investor (see DISC 1A.2).  DISC requires a product summary to be prepared in relation to a consumer composite investment.
  2. (2) The rules and guidance in DISC replace the ‘key investor information’ provisions previously found in COLL 4.7 which applied to UCITS schemes and non-UCITS retail schemes for which a ‘NURS-KII document’ had been drawn up.