PRIV 1.2.14 What is a Collective Investment Trust (or CIT)?

A collective investment trust (or CIT) is an express trust created under the Trust Regulations 2007 if its trust instrument provides that the trust is established for the sole purpose of constituting a collective investment scheme.

Note Trust instrument is defined in the glossary.

Derived from QFCRA RM/2010-06 (as from 1st January 2011)