Regulated activities: establishing, operating or winding up a collective investment scheme

An overview of the regulated activity of establishing, operating or winding up a collective investment scheme (CIS), as well as the exclusions and exemptions that are applicable to it.

The following multi-jurisdictional guide is also available to PLC Financial Services' subscribers: Investment Funds multi-jurisdictional guide. This guide brings together a range of information on current cross-border issues and includes country-specific Q&A guides. Each jurisdiction is described in a separate chapter, written by one of the leading firms on the subject in that jurisdiction.

This note is in the process of being updated to reflect the UK implementation of the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFM Directive or AIFMD).

Gus Black, Partner, Dechert LLP

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