Statement re Non Mainstream Pooled Product Rules

RNS Number : 3251W

Golden Prospect Precious Metals Ltd

24 December 2013

 



GOLDEN PROSPECT PRECIOUS METALS LIMITED

("THE COMPANY")

Registered in Guernsey: 45676

Registered office: 11 New street, St Peter Port, Guernsey GY1 2PF

Statement Re: Non Mainstream Pooled Product Rules

The Board of the Company notes the proposed changes to the 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. Following the receipt of advice, the Board confirms that it conducts its affairs, and intends to conduct its affairs, so that the Company's shares will be excluded securities under these new rules and will therefore be excluded from the FCA's restrictions which apply to non-mainstream investment products. 

For further information please contact:

Craig Cleland

CQS Asset Management Limited

Tel: [phone]

Patrick Farncombe

Legis Fund Services Limited

Tel: [phone]

 

END

 

 

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