UK UCITS definition

UK UCITS means a collective investment scheme authorised under section 31(1)(a) of the Financial Services and Markets Act 2000 that complies with the requirements to be a ‘UCITS scheme’ for the purposes of the Collective Investment Schemes Sourcebook (see in particular COLL 1.2.2).

UK UCITS means UK UCITS as defined in section 237(3) of the Financial Services and Markets Act 2000.

UK UCITS means, in accordance with sections 236A and 237 of the Act, a collective investment scheme which may consist of several sub-funds, which is either an authorised unit trust scheme, an authorised contractual scheme, or an authorised open-ended investment company, and has identified itself as a UCITS in its prospectus and has been authorised accordingly by the FCA

Examples of UK UCITS in a sentence

• It is possible that the Depositary and/or its delegates and sub-delegates may in the course of its or their business be involved in other financial and professional activities which may on occasion have potential conflicts of interest with the UK UCITS or a particular Sub-fund and/or other funds managed by the ACD or other funds for which the Depositary acts as the depositary, trustee or custodian.

• As explained above the Company is a UK UCITS scheme and an Umbrella Company for the purposes of the OEIC Regulations.

• It is possible that the Trustee and/or its delegates and sub-delegates may in the course of its or their business be involved in other financial and professional activities which may on occasion have potential conflicts of interest with the UK UCITS or a particular Trust and/or other funds managed by the Manager or other funds for which the Trustee acts as the depositary, trustee or custodian.

• Each Sub-fund would belong to the type of UK UCITS scheme if it were itself an open-ended investment company in respect of which an authorisation order made by the FCA were in force.

• The Company has been established as a UK UCITS scheme and an Umbrella Company (under the OEIC Regulations) and therefore different Sub-funds may be formed by the ACD, subject to approval from the FCA.

More Definitions of UK UCITS

UK UCITS means, in accordance with sections 236A and 237 of the Financial Services and Markets Act 2000, a collective investment scheme which may consist of several sub-funds, which is either an authorised unit trust scheme, an authorised contractual scheme, or an authorised open-ended investment company with the sole object of collective investment of capital raised from the public in transferable securities or other liquid financial assets, operating on the principle of risk- spreading, with units or shares which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets, and which has identified itself as a UCITS in its prospectus and has been authorised accordingly by the FCA

UK UCITS means a UCITS which is an authorised unit trust scheme or an authorised open-ended investment company.”;

UK UCITS means a UCITS which is authorised as such by the FCA under Part 17 of FSMA or under the Financial Services and Markets Act 2000 (Open Ended Investment Company) Regulations 2001 (SI 2001/1228) (as amended).

UK UCITS means, in accordance with sections 236A and 237 of the Financial Services and Markets Act 2000, a collective investment scheme which may consist of several sub-funds, which is either an authorised unit trust scheme, an authorised contractual scheme, or an authorised open-ended investment company with the sole object of collective investment of capital raised from the public in transferable securities or other liquid financial assets, operating on the principle of risk- spreading, with units which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets, and which has identified itself as a UCITS in its prospectus and has been authorised accordingly by the FCA; “Unit” or “Units” a unit or units in the Trust; “Unitholder” a holder of registered Units in the Trust; “Valuation Point” the point, on a Dealing Day whether on a periodic basis or for a particular valuation, at which the Manager carries out a valuation of the Scheme Property for the Trust for the purpose of determining the price at which Units of a Class may be issued, cancelled or redeemed. The current Valuation Point is 12 noon London time on each Dealing Day; “VAT” value added tax;

UK UCITS means a UCITS which is established in the United Kingdom; “unit-holders” means—

UK UCITS means a collective investment scheme authorised under section 31(1)(a) of the Financial Services and Markets Act 2000 that complies with the requirements to be a “UCITS scheme” for the purposes of the Collective Investment Schemes Sourcebook (see in particular COLL 1.2.2). 7.21 “Collective investment scheme” has the meaning given by section 235 of the Financial Services and Markets Act 2000. 7.22 (The FCA also authorise collective investment schemes as Qualified Investor Schemes (QIS) but these do not qualify for the ISA.) 7.23 to 7.27 Blank

UK UCITS means an Undertaking for Collective Investments in Transferable Securities established pursuant to the UK UCITS Directive;