NMPI Status

RNS Number : 7645X

BH Macro Limited

15 January 2014

 



BH Macro Limited (the "Company")

(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)

Non-Mainstream Pooled Investments

15 January 2014

The Company notes the revisions to the Financial Conduct Authority's ("FCA") rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which came into effect on 1 January 2014 (the "Non-Mainstream Pooled Investment Marketing Restrictions").

The Company has taken advice on the conditions which would need to be met in order for it to qualify for approval as an investment trust if it were resident in the United Kingdom and considers these conditions to be satisfied.  This means that that the Company is excluded from the FCA's definition of "non-mainstream pooled investment" and is therefore outside the scope of the Non-Mainstream Pooled Investment Marketing Restrictions.

The Company's board intends that the Company will continue to be operated going forward in such a manner as to ensure that the shares are not categorised as non-mainstream pooled investments and that, accordingly, the shares can continue to be recommended by UK authorised persons to ordinary retail investors in accordance with the FCA's rules.

Enquiries:

Company website:        www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:    [phone]

 

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