FME contribution requirements for retail schemes impose ongoing investment while exempting specified relocated, passive, index and fund-of-funds structures. Regulation 52 requires an FME or its associate to make and maintain a minimum contribution to a retail scheme, subject to specified exemptions. No ... Summary
FME contribution requirements for retail schemes impose ongoing investment while exempting specified relocated, passive, index and fund-of-funds structures.
Regulation 52 requires an FME or its associate to make and maintain a minimum contribution to a retail scheme, subject to specified exemptions. No contribution is mandatory for relocated schemes, index schemes, and qualifying fund of funds arrangements, including schemes investing only in index schemes or passive ETFs, where applicable disclosure and non-active-management conditions are met. The contribution must ordinarily be made within forty-five days, with a possible extension, and an FME's contribution may count towards applicable net-worth requirements.
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