Investments of an Umbrella Fund
CIR 13.7.2 CIR 13.7.2
Fund Managerof an Umbrella Fundmust ensure that none of its Sub-Fundsinvests in another of its Sub-Funds.
CIR 13.7.2 Guidance
Requirements that apply to other
Fundsapply to Umbrella Fundsequally, although there are some Umbrella Fundspecific requirements. For convenience of reference, key provisions specific to Umbrella Fundsare identified in the following Table.
Additional requirements specific to Umbrella Funds
Rule Requirements CIR Rule 3.1.10 Definition CIR Rule 13.7.1 Form of an Umbrella Fund CIR Rules 9.4.2 Annual and interim reports CIR Rules 9.4.6 Content of the annual report of an Umbrella Fund CIR Rules 9.4.9 Fund Manager's Report CIR Rules 13.7.2 Investment restrictions applicable to Fund of Funds when investing in a Sub-Fund CIR AppA7.1.1(2)(h)&17 Content of a Public Fund Prospectus CIR Rules 14.3.5 Content of a Short Form Prospectus Rules CIR 16.1.1, CIR 16.1.3(3) (4) & (5) Transfer schemes Rules CIR 17.1.1 & CIR 17.1.6 Winding up