Home | Databases | WorldLII | Search | Feedback Edited Legal Collections Data

"COLLECTIVE INVESTMENT SCHEMES" [2019] ELECD 661; in Kirk, Jonathan; Samuels, Thomas; Finch, Lee (eds), "Mis-Selling Financial Services" (Edward Elgar Publishing, 2019) 275

Book Title: Mis-Selling Financial Services

Editor(s): Kirk, Jonathan; Samuels, Thomas; Finch, Lee

Publisher: Edward Elgar Publishing

Section: Chapter 7

Section Title: COLLECTIVE INVESTMENT SCHEMES

Number of pages: 24

Abstract/Description:

In this chapter the mis-selling of collective investment schemes (‘CIS’) products is analysed. CIS are important financial products because they make up a very substantial proportion of all retail investment in the UK and EU. The different types of authorised CIS are explained, such as unit trusts, open-ended investment companies, UCITS and AIF. The definition of CIS under FSMA and the UCITS and AIFM Directives is considered by reference to recent authority. The chapter also covers the framing of claims relating to unlawful schemes, unlawful promotion and misconduct in relation to authorised schemes.