VCTs and EIS escape UCIS ban
Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS) have been granted an exemption from the FCA's ban on sales of unregulated collective investment schemes (UCIS) to retail investors.
The final rules, outlined today by the Financial Conduct Authority, state VCTs and EIS vehicles do not fall into the UCIS category and can continue to be sold to retail investors. "Following analysis...
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