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COLL 2.1 Authorised fund applications

Application

01/04/2004R

This chapter applies to any person seeking to arrange for the authorisation of a scheme.

Purpose

01/04/2013G

This chapter helps in achieving the statutory objectives of protecting consumers by ensuring that any application for authorisation of a fund meets certain standards.

Explanation

01/08/2015G
  1. (1)

    This chapter sets out the requirements that a person must follow in applying for an authorisation order for a scheme under regulation 12 of the OEIC Regulations (Applications for authorisation), section 242 of the Act (Applications for authorisation of unit trust schemes) or section 261C of the Act (Applications for authorisation of contractual schemes).

  2. (2)

    COLLG 3A (The FCA’s responsibilities under the Act) and COLLG 4A (The FCA’s responsibilities under the OEIC Regulations) provide more information on what the Act and the OEIC Regulations require in relation to ongoing notifications to the FCA.

Specific requirements on application

01/04/2013D

An application for an authorisation order in respect of an authorised fund must be:

  1. (1)

    in writing in the manner directed and contain the information required in the application form available from the FCA;

  2. (2)

    addressed for the attention of a member of FCA staff responsible for collective investment scheme authorisation matters; and

  3. (3)

    delivered to the FCA's address by one of the following methods:

    1. (a)

      posting; or

    2. (b)

      leaving it at the FCA's address and obtaining a time-stamped receipt; or

    3. (c)

      delivery by hand to a member of FCA staff responsible for collective investment scheme authorisation matters.