Non Mainstream Pooled Investments

RNS Number : 0394W

UK Commercial Property Trust Ltd

20 December 2013

 



UK Commercial Property Trust Limited

NON MAINSTREAM POOLED INVESTMENTS

The Board notes the proposed changes to the FCA rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014.

Having taken legal advice, this confirms that the Company's shares will qualify as an 'excluded security' under these new rules and will therefore be excluded from the FCA's restrictions which apply to non-mainstream investment products.

UK Commercial Property Trust Limited (the "Company") currently conducts its affairs so that the shares issued by the Company can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.  The shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because the company would qualify as an investment trust if the Company was based in the UK.

All enquiries

The Company Secretary

Northern Trust International Fund Administrations Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: [phone]

Fax: [phone]

 

END

 

 

MSCFFWFWUFDSEFE