The change to the Collective Investment Schemes sourcebook last month was an important landmark for the industry, providing an additional retail scheme that can invest in a broader range of products
An important landmark in the fund management industry happened on 13 February 2007, with the regulations governing Collective Investment Schemes changing to the Collective Investment Schemes sourcebook (Coll). Unlike many regulatory changes that we have experienced in the past, this one has generally been well received by the industry. For the first time in many years it will allow many new innovative products to come to market within a simple fund structure that retail investors are already familiar with. So what has changed? Coll was the end result of CP185 that was issued back in May ...
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