Content Options

Content Options

View 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.

scheme of arrangement

    (in COLL) an arrangement relating to an authorised fund 75 ("transferor fund") or to a sub-fund 75 of a scheme that is an umbrella ("transferor sub-fund") under which:

      1. (a) either:
        1. (i) all or part of the property of the transferor fund, or all or part of the property attributed to the transferor 75 sub-fund 75 , is to become the property of one or more regulated collective investment schemes ("transferee 75 schemes 75 "); or
        1. (ii) all or part of the property attributed to the transferor 75 sub-fund 75 is to become part of the property attributed to one or more other sub-funds of the same umbrella 75 ("transferee sub-funds 75 "); and
      1. (b) holders of units in the transferor fund or transferor sub-fund 75 , the property of which is being transferred or reattributed under (a), are to receive, in exchange for their respective interests in that property, either:
        1. (i) units in the transferee 75 scheme 75 or one or more of the transferee 75 schemes 75 , to which the property is transferred; or
        1. (ii) units in the transferee sub-fund 75 or one or more of the transferee 52275 sub-funds 75 , to which the property is reattributed.
        This arrangement includes an arrangement that constitutes a domestic UCITS merger180.103