COLL S2.18 Other Statements and Provisions for CIC

(1) For a CIC, the following statements:
(a) a statement that the scheme is a closed-ended company, or an open-ended company with variable share capital;
(b) a statement providing particulars of the scheme's capital structure, including the maximum and minimum sizes of the scheme's capital;
(c) a statement of the proportion of a larger denomination share represented by a smaller denomination share for any relevant class of units.

Note CIC is defined in r 1.3.7. Larger denomination share and smaller denomination share are defined in r 3.2.2 (2).
(2) For a CIC that is open-ended, a provision authorising the allocation of redeemable shares without limit by reference to the CIC's net asset value at the relevant time.

Note Net asset value is defined in the glossary.
Amended by QFCRA RM/2016-1 (as from 19th September 2016)