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Ingenious EIS, SEIS and VCT are not UCIS

04 Jun 2013

The FCA have today released its Policy Statement containing the new final Rules regarding the sales of Unregulated Collective Investment Schemes (UCIS) to retail investors.

As anticipated, we are pleased the FCA has confirmed that Enterprise Investment Schemes (EIS), Seed Enterprise Investment Schemes (SEIS) and Venture Capital Trusts (VCTs) will not be captured by the new Rules and can continue to be promoted to retail investors.

This exemption will not apply to EIS and SEIS that are structured as UCIS. However, we are delighted to confirm that Ingenious’ EIS and SEIS funds are not structured as a UCIS and can, therefore, continue to be promoted to retail investors.

To view our current EIS and VCT investment opportunities please click here.

If you have any questions in the meantime please contact your usual Ingenious contact on 020 7319 4000.