UT

Anotações:

• investment

1. UT / OEIC
   1. DIVERSIFICATION RULES

      Anotações:

      • 10% unapproved 35% in other collectives 
      1. 90% approved
      2. 4 at 10% rest no more than 5%
      3. Tracker
         1. 20% in 1 35% if good reason
      4. Gilts More 35%
         1. 6 different no more 30%
      5. unlimted warrants
      6. Cash 20% max normal 5%
2. borrowing
   1. up to 10% temp

      Anotações:

      • non retail 10% permanent . A is upto 100%
3. Markting
   1. UCITS can be UCIS not
4. UT mangers / trustees
   1. Mangers
      1. approved
      2. manger based on trust rules
   2. Trustees
      1. check manger
         1. invested with objectives
      2. legal owners
      3. responsibities
         1. getting audit
         2. monitoring unit price

            Anotações:

            • both for sale by mangers to public and repurchase by manger
         3. short out meeting of unit holders
         4. register of unit holders
         5. dis of income
         6. additional provision

            Anotações:

            • if needed or if pension scheme or charity 
5. OEICs
   1. Run by director
      1. mis company not listed'''''''''''''''''''''''',,,,,,,,,,,,,,,,,,,
6. jugement