Non Mainstream Pooled Investment Product Rules

RNS Number : 1533W

F&C Managed Portfolio Trust PLC

20 December 2013

 



To:                   RNS

Date:               20 December 2013

Company:       F&C Managed Portfolio Trust plc

F&C Managed Portfolio Trust plc

(the "Company")

Suitability for Retail Distribution

The Board notes the proposed 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 will come into effect on 1 January 2014. 

The Company is an investment trust and therefore its Income Shares and Growth Shares are not subject to these restrictions. The Company conducts its affairs so that its Income Shares and Growth 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.

Name of contact and telephone number for enquiries:

Ian Ridge

F&C Investment Business Limited

Telephone: [phone]

 

END

 

 

MSCBUBDDCSDBGXG