Daniel Kiernan discusses policy paper 13/3 on Unregulated Collective Investment Schemes (UCIS) issued by the FCA on the 4th June. This policy is based upon the FSA’s consultation paper CP12/19 which was released in August 2012. The new policy paper implements everything CP12/19 proposed with a couple of notable exceptions which are explained in this video. Daniel also defines what exactly makes a High Net Worth investor, and what defines a sophisticated investor. New UCIS regulations – Key Outcomes: Understanding of the FCA’s new proposals What have the FCA actually restricted? Who is now prohibited from investing via a UCIS…