- (1) 11
The documents must be in English or accompanied by a translation in English.
- (4) 1
the name of the scheme;
the legal form of the scheme;
the name and address of the operator;
- (i) 1
a copy of the latest annual report and any subsequent half-yearly report;21
- (l) 1
states whether or not investors in the scheme would be covered by the compensation scheme, and if so, it must state how they are covered and who they would need to contact for further information.
- (1) 11
Where a scheme recognised under section 2721of the Act is managed and authorised in Guernsey, Jersey, or the Isle of Man, the prospectus need not comply with the requirements of COLL 4.2.5 R(Table: contents of prospectus), providing it contains corresponding matter required under the law in its home territory.1
2The PRIIPs Regulation requires the manufacturer of a PRIIP to draw up a key information document in accordance with the PRIIPs Regulation before that PRIIP is made available to retail investors (as defined in the PRIIPs Regulation).
The requirements of the PRIIPs Regulation are directly applicable.
As a result, when a recognised scheme under section 272 of the Act is made available to retail clients in the United Kingdom the operator must draw up a key information document in accordance with the PRIIPs Regulation.