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Collective Investment Schemes: Investment Funds in England and Wales

State of play March 2025

March 31, 2025

United Kingdom
United Kingdom
United Kingdom
We are pleased to introduce our guide on Collective Investment Schemes: Investment Funds in England and Wales.

This guide provides an analysis of the landscape of Collective Investment Schemes (CIS) in England and Wales, offering valuable insights for those structuring, developing, or investing in these arrangements.

Key highlights:

  • Understanding CIS: Gain clarity on what constitutes a CIS under the Financial Services and Markets Act 2000 (FSMA), including the latest interpretations and developments
  • Regulatory Insights: Learn about the factors that influence whether an arrangement or structure needs FCA authorisation and the implications for marketing and investment
  • Practical Examples: Explore real-world scenarios and case law that illustrate the application of CIS definitions and regulations
  • Exclusions and Considerations: Discover specific exclusions from being classified as a CIS and important points to consider when analysing investment arrangements

If you would like to discuss more about CISs, regulatory insights, exclusions, and considerations in this guide, and how they may impact your current and future structuring or investment decisions, please get in touch with your usual Eversheds Sutherland contact or any member of the Financial Services team listed below.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

Key contacts

timothyfosh@eversheds-sutherland.com

Tim Fosh

Partner

United Kingdom

michaelawalker@eversheds-sutherland.com

Michaela Arter

Partner

United Kingdom

ronaldpaterson@eversheds-sutherland.com

Ronald Paterson

Consultant

United Kingdom | Luxembourg, Luxembourg

EdwardBates@eversheds-sutherland.com

Edward Bates

Senior Associate

United Kingdom

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