AIFMD Update

RNS Number : 5190N

F&C Managed Portfolio Trust PLC

28 July 2014

 



To:       RNS

From:  F&C Managed Portfolio Trust plc

Date:   28 July 2014

F&C Managed Portfolio Trust completes AIFMD arrangements

The Board of F&C Managed Portfolio Trust plc (the "Company") is pleased to announce that the Company has entered into arrangements necessary to ensure compliance with the AIFMD. ( "Alternative Investment Fund Managers Directive")

The Company's existing investment manager, F&C Investment Business Limited, has been appointed to act as the Company's alternative investment fund manager (the "AIFM"). The current management agreement between the Company and F&C Investment Business Limited has been updated to ensure compliance with the AIFMD. The management fee and notice period remain unchanged.

F&C Investment Business Limited was approved as an AIFM by the UK's Financial Conduct Authority on 22 July 2014.

The Board has appointed J.P. Morgan Europe Limited (the "Depositary") to act as the Company's depositary (as required by the AIFMD) on the terms of a depositary agreement between the Company, the AIFM and the Depositary. The Company's existing custodian, JPMorgan Chase Bank NA, will continue to provide custody functions as a delegate of the Depositary.

All enquiries:

Ian Ridge

F&C Investment Business Limited

Tel: [phone]

 

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