Investment funds: overview

In this practice note, Neil Simmonds, a partner at Simmons & Simmons LLP, provides an overview of the permissible structures for UK investment funds. This includes discussion of collective investment schemes (CIS), authorised and unauthorised unit trusts, open-ended investment companies (OEICs) and investment companies with variable capital (ICVCs), investment trusts, limited partnerships and the various categories of FSA-regulated scheme (that is, UCITS schemes, non-UCITS retail schemes (NURS) and qualified investor schemes (QIS)).

The following multi-jurisdictional guide is also available to PLC Financial Services' subscribers: Investment Funds Handbook. 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 reviewed and updated by Simmons & Simmons LLP.

Neil Simmonds, Simmons & Simmons LLP

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