24/01/2012 - UCIS May Be Marketed By IFAs
UCIS May Be Marketed By IFAs.
The Alternative Investment Fund Managers (AIFM) directive will take effect from July 2013 and will focus on the regulation of the managers, rather than the fund vehicles.
Managers of UCIS are already regulated by the FSA, but the directive could still have an impact on how they are sold, as it permits the regulator to allow the marketing of AIFs to UK retail investors with the safeguard of stricter requirements.
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