UCIS: four due diligence steps advisers must take

UCIS

clock • 6 min read

Nick McLean, partner at Paxton Private Finance, on the FSA's proposed changes to UCIS promotions and what they mean for advisers

Changes outlined in the Financial Services Authority (FSA) consultation on reforming the promotion of unregulated collective investment schemes (UCIS) further restrict the sale of UCIS funds to ordinary investors. As a result, there are a number of important implications for financial advisers. To adhere and adapt to the proposed changes, it is fundamental that advisers have a clear understanding of what they entail, how they affect their existing clients and the effect it will have upon marketing to prospective clients. For example, the profile of investors that are eligible. In a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA enforcement to become 'assertive, proactive and intrusive'

FCA enforcement to become 'assertive, proactive and intrusive'

‘You can expect the regulator to take robust action where needed’

Isabel Baxter
clock 29 February 2024 • 2 min read
FCA: 'Huge opportunity for firms to shape the advice sector'

FCA: 'Huge opportunity for firms to shape the advice sector'

Kate Blatchford-Hick calls on firms to embrace the regulator’s proposals

Sahar Nazir
clock 09 February 2024 • 2 min read
New era for workplace pension governance as TPR overhauls practices

New era for workplace pension governance as TPR overhauls practices

The regulator’s long-awaited general code of practice has been published

Hope Coumbe
clock 11 January 2024 • 1 min read