UK UCITS definition
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;
UK UCITS means UK UCITS as defined in section 237(3) of the Financial Services and Markets Act 2000.
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).
Examples of UK UCITS in a sentence
From 1 January 2021, UK UCITS and UK AIFs will become n-EoUn AIFs and therefore they will not be able to continue benefitting from the passporting rights under Chapter XI of the UCITS Directive and Article 32 of the AIFMD respectively.
If you request a transfer or withdrawal of your ISA, and your ISA contains units or shares in a UK UCITS, a UK non-UCITS retail scheme or a recognised UCITS, dealings in which have been suspended, the minimum transfer period may be extended to seven days after the suspension ends.
More Definitions of UK UCITS
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
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 an Undertaking for Collective Investments in Transferable Securities established pursuant to the UK UCITS Directive;
UK UCITS means a UCITS which is established in the United Kingdomhas the meaning given in section 237(3) of the Act;
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