Open Ended Funds

Open-ended funds may be: 

Authorised: 

• Class A: eligible for marketing to the general public in the UK and certain other jurisdictions. There are comprehensive rules which regulate the documents by which a Class A scheme is established, the content of the relevant scheme particulars, the general administration of the scheme and the investment parameters; 

• Class B: not usually for sale to the general public and typically established for marketing to institutions and high net worth/sophisticated investors. The rules applying to Class B scheme documents and administration are less comprehensive than those applying to Class A schemes; or 

• Class Q: restricted to qualifying professional investors. The rules governing such schemes are less prescriptive than those for Class A and Class B schemes and a fast track approval process should be available; or

Registered