Complying with the collective investment schemes sourcebook (COLL)

Copyright © 2025 LexisNexis
Produced in partnership with Lucy Frew, formerly of Gide Loyrette Nouel LLP
Practice notes

Complying with the collective investment schemes sourcebook (COLL)

Copyright © 2025 LexisNexis

Produced in partnership with Lucy Frew, formerly of Gide Loyrette Nouel LLP

Practice notes
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The financial conduct authority’s Collective investment Schemes Sourcebook (COLL) is a specialist sourcebook forming part of the FCA Handbook. COLL provides the detailed framework within which authorised funds operate and this Practice Note provides a summary of its main provisions.

What is COLL?

The Collective Investment Schemes sourcebook (COLL) is a specialist sourcebook forming part of the Financial Conduct Authority (FCA) Handbook. It provides the detailed framework within which FCA-authorised funds operate. COLL is supplemented by the COLL information guide (COLLG), which is covered in COLLG below.

The rules in Chapters 2 to 8 of COLL are a major part of the product regulation regime for investment companies with variable capital (ICVC), authorised unit trust schemes (AUT) and authorised contractual schemes (ACS) and related parties. COLL:

  1. •

    supplements the requirements in the Open-Ended Investment Companies Regulations 2001, SI 2001/1228 (OEIC Regulations) (for ICVCs) (for further information on both types of fund see OEIC authorisation and winding-up)

  2. •

    supplements the material in chapter III, Part XVII of the Financial Services

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Collective investment scheme definition
What does Collective investment scheme mean?

An arrangement whereby a number of investors pool their assets and have them professionally managed.

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