Regulatory Alerts2017-04-07
Guidance Note on Eligible Markets for Authorised Collective Investment Schemes
The Financial Services Authority issued this guidance to assist managers of Authorised Collective Investment Schemes in assessing whether securities or derivatives markets qualify as eligible under the ACIS Regulations. Managers must evaluate markets based on criteria including liquidity, regulatory supervision, regular operation, public accessibility, and ongoing due diligence to ensure fairness, clarity, and orderliness. The document clarifies that while the guidance is not law, following its recommendations serves as strong evidence of compliance with legislative provisions.
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