Unit Trusts, Investment Trusts and OEIC’s

Course Overview

This course provides a fast-track review of unit trusts, closed-end investment trusts and open-ended investment companies (OEIC’s).

It will cover the regulations governing collective investment schemes and their administration as well as valuation and promotional restrictions.

It will also explain the principles behind open-ended funds, rules governing these products, investment regulations, pricing and dealing, client reporting, running a box and shareholder rights.

Course Content

Unit Trusts

• Constitution of an authorised unit trust
• Financial Services Regulation
• Marketing unit trusts
• Investment and Borrowing Powers
• Buying and selling units
• Registration of fund holdings
• Distribution of income
• Accounting and taxation
• Reports to unit holders
• Meetings of unit holders

Investment Trusts

• Types of investment trust company
• Capital changes
• Capital classes
• Gearing
• Marketing investment trust shares
• Valuing and dealing in investment trust shares
• Regulatory aspects (Companies Acts 1985/89, Taxes Act 1988)
• Financial Services Legislation
• Accounting, taxation and income distribution
• Reports to shareholders
• Shareholder meetings

OEICS

• Unit trusts and OEICS
• The UCITS Directive
• Constitution of an OEIC
• Financial Services Regulation
• Investment and Borrowing Powers
• Buying and selling shares
• FSA pricing rules
• Tax issues
• Creating and cancelling shares
• Income distribution
• Reports to shareholders
• Shareholder meetings

Delivering this course in-house for you to a number of participants could be very cost effective. Please call us on 020 7387 4484 to discuss this further.

If you have any questions about this seminar please write to us at post@redcliffetraining.co.uk.