On the 4th June the FCA issues it’s policy paper on the Unregulated Collective Investment Schemes (UCIS). This policy is based upon the FSA’s consultation paper CP12/19 which was released in August 2012.

PS13/3 is the culmination of this process and, with a few notable exceptions such as EIS and VCTs, implements all of the CP12/19 proposals.

We’ve put together an FAQ to help advisers make sense of the new rules. You can download it here

Dan