Suitability for Retail Distribution

RNS Number : 2362G

CVC Credit Partners European OpsLtd

02 May 2014

 



2 May 2014

CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES LIMITED

Suitability for Retail Distribution

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

Further to the Company's announcement on 25 March 2014 titled "Suitability for Retail Distribution" the Board can confirm that the amended articles of association have been approved by shareholders and adopted. The Board believes the Company now meets the criteria for investment trust status if based in the UK and as such the Board believes the Company's shares should be excluded from the FCA's restrictions on retail distribution which apply to Non-Main Street Pooled Investments as a valid exclusion applies to the Company.

The Board has however been advised that no guidance on the application of the NMPI Rules to non-UK companies has been published by the FCA and, further, that the proposed rules may be subject to change. Any subsequent changes to the assessment of the application of the proposed rules to the Company will be communicated via an RIS announcement.

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Enquiries:

CVC Credit Partners European Opportunities Limited:                                   [phone]

Richard Boléat

BNP Paribas Securities Services S.C.A. Jersey Branch:                                     [phone]

 

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