Collective Investment Schemes

Closed 26 May 2017

Opened 28 Apr 2017

Feedback Updated 15 Oct 2019

We Asked

We asked for views in relation to three areas:

  • Topic 1 – the widening of the definition of collective investment schemes to include a limited number of Closed-Ended Investment Companies (‘CEICs’);
  • Topic 2 – possible exemption for managers, asset managers, or investment advisers to Specialist Funds; and
  • Topic 3 – the draft Collective Investment Schemes (Recognised Schemes) Ireland Order.

You Said

We received seven responses to the consultation.

For Topic 1, responses were supportive or neutral.

For Topic 2, responses were supportive. Some specific queries were made.

For Topic 3, no comments were made.

We Did

After considering the responses, we made some minor changes to the terminology within the Collective Investment Schemes (Definitions) Order and Collective Investment Schemes (Regulated Fund) Regulations to improve clarity. The new legislation came into operation on 1 November 2017.

Overview

Closed-ended investment companies and other matters

This consultation is relevant to persons providing services to collective investment schemes, as well as to corporate service providers that provide services to closed-ended investment companies.

Why We Are Consulting

To obtain information, views and evidence in relation to —

  • the widening of the definition of collective investment schemes to include a limited number of Closed-Ended Investment Companies (‘CEICs’)
  • possible exemption for managers, asset managers, or investment advisers to Specialist Funds
  • the draft Collective Investment Schemes (Recognised Schemes) (Ireland) Order

Consultation document

Areas

  • All Areas

Audiences

  • Self-employed
  • Business owner
  • Other non-resident - business interests

Interests

  • Finance