Home FCA Handbook COLL COLL 11 COLL 11.1 Introduction
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COLL 11.1 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)

    an ICVC; and

  4. (4)

    a depositary of an AUT, ACS or ICVC;

where such AUT, ACS or ICVC is a UCITS scheme that is a feeder UCITS or a master UCITS in accordance with COLL 11.1.2 R (Table of application).

01/01/2021G

It may be possible for a UCITS scheme to be the feeder UCITS of a master UCITS that is an EEA UCITS scheme. In such a case, the ability of the operator, AFM, depositary, and auditor of the feeder UCITS to comply with the applicable rules may depend upon whether appropriate agreements can be reached with the management company, depositary and auditor of the master UCITS. It is not possible for an EEA UCITS scheme to be a feeder of a master UCITS scheme.

Table of application

01/01/2021R

This table belongs to COLL 11.1.1 R

ReferenceICVCACDAny other directors of an ICVCAuthorised fund manager of an AUT or ACSDepositary of an ICVC, AUT or ACS
11.1.1Rxxxxx
11.1.3Gxxxxx
11.2.1Gxxxx 
11.2.2Rxxxx 
11.3.1Rxxxx 
11.3.2Rxxxx 
11.3.3Gxxxx 
11.3.4Gxxxx 
11.3.5Rxxxx 
11.3.6Rxxxx 
11.3.7Rxxxx 
11.3.8Rxxxx 
11.3.9Rxxxx 
      
11.3.11Rxxxx 
11.3.12Rxxxx 
11.3.13Rxxxx 
11.3.14Gxxxx 
11.4.1Rxxxxx
11.4.2R    x
11.4.3R    x
11.4.4G    x
11.4.5G    x
11.5.6Rxxxx 
11.6.1Gxxxxx
11.6.2Rxxxxx
11.6.3Rxxxx 
11.6.4Rxxxx 
11.6.5Rxxxx 
11.6.6Rxxxx 
11.6.7Rxxxx 
11.6.8Gxxxx 
11.6.9Rxxxx 
11.6.10Rxxxx 
11.6.11Gxxxx 
11.6.12Rxxxx 
11.6.13Rxxxx 
11 Annex 1Rxxxx 
11 Annex 2Rxxxx 
Note 1: "x" means "applies", but not every paragraph in every provision referred to will necessarily apply.
Note 2: COLL 11.5 (with the exception of COLL 11.5.6 R) applies to auditors.

Purpose

01/07/2011G
  1. (1)

    This chapter sets out:

    1. (a)

      the notification requirements for a UCITS scheme to be approved as a feeder UCITS under section 283A (Master-feeder structures) of the Act; and

    2. (b)

      the requirements which apply to a feeder UCITS where its master UCITS is wound up, merges with another UCITS or is divided into one or more UCITS.

  2. (2)

    This chapter also ensures there is a flow of information and documents between a feeder UCITS and its master UCITS. In particular, it allows the authorised fund manager, depositary and auditor of a feeder UCITS to obtain all information and documents necessary to perform their functions.

  3. (3)

    COLL 11.5 (Auditors) also imposes requirements on auditors of a master UCITS and a feeder UCITS.

  4. (4)

    In this section references to:

    1. (a)

      a UCITS scheme, a feeder UCITS, a master UCITS, or EEA UCITS scheme include the sub-fund of any such scheme and references to winding up a scheme are to be read as also applying to the termination of a sub-fund; and

    2. (b)

      the management company of an EEA UCITS scheme are to the operator of the scheme.