Part XVII Collective Investment Schemes

Chapter V Recognised Overseas Schemes

Facilities and information in UK

283 Facilities and information in UK.

(1)

The F1FCA may make rules requiring operators of recognised schemes to maintain in the United Kingdom, or in such part or parts of it as may be specified, such facilities as the F1FCA thinks desirable in the interests of participants and as are specified in rules.

(2)

The F1FCA may by notice in writing require the operator of any recognised scheme to include such explanatory information as is specified in the notice in any communication of his which—

(a)

is a communication of an invitation or inducement of a kind mentioned in section 21(1); and

(b)

names the scheme.

(3)

In the case of a communication originating outside the United Kingdom, subsection (2) only applies if the communication is capable of having an effect in the United Kingdom.