Non-Mainstream Pooled Investment Product Rules

RNS Number : 0835X

F&C U.S. Smaller Companies PLC

07 January 2014

 



F&C US Smaller Companies PLC
(the "Company")

Suitability for Retail Distribution

The Board notes the changes 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 Company is an investment trust and therefore its shares are not subject to these restrictions. The Company conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products and intends to continue to do so.

By order of the Board
F&C Management Limited
Secretary
7 January 2014

Name of contact and telephone number for enquiries:

Hugh Potter   

Telephone: [phone]

 

END

 

 

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