Non-Mainstream Pooled Product Rules

RNS Number : 9210V

Witan Investment Trust PLC

18 December 2013

 



WITAN INVESTMENT TRUST PLC ("the Company")

18 December 2013

Non-Mainstream Pooled Product Rules

The Board notes the proposed changes to the Financial Conduct Authority ("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. The Board confirms that the Company conducts its affairs so that its Ordinary Shares (the "Shares") can be recommended by independent financial advisers ("IFAs") to retail private investors.  The Shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust.  Further details of the Company's investment objectives and policy are set out in the Company's Annual Report, copies of which are available or request or may be viewed on the Company's website.

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For further information please contact:

James Frost

Marketing Director

Witan Investment Trust plc

Telephone: [phone]

 

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