Charity pooled funds

In 2009 the Government consulted on the regulation of charity pooled funds. The consultation proposed the introduction of a new type of authorised investment fund, the Charity AIF, which would be open only to charity investors. The fund itself (rather than just the manager and trustee) would be authorised and regulated by the FSA. The Charity AIF would not be a registered charity or deemed to be a charity. 

CFG submitted a short response to the consultation which can be found here.

The Government continue to consider the issue and an announcement is expected in late 2011.

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