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 8 Annex 2 ACS Qualified Investor Schemes: eligible investors


1This Annex belongs to COLL 8.1.3 R and 8.1.4 G.

1For the purposes of the rule on qualified investors in a qualified investor scheme which is an ACS (COLL 8.1.3R (3)), the authorised contractual scheme manager must take reasonable care to ensure that ownership of units in the scheme is only recorded in the register for a person :



who 2is a:


professional ACS investor; or


large ACS investor; or


person who already holds units in the scheme; and


to whom units in a qualified investor scheme may be promoted to that person under COBS 4.12.4 R.2