Specialist Fund Market -                 Frequently asked questions


Below are some frequently asked questions relating to different aspects of the Specialist Fund Market.  If you have any additional questions that are not answered here, please contact us.

 

Most recent questions

How are the Exchange’s markets differentiated for closed-ended investment funds?
What is the definition of ‘investment entity’ for the Specialist Fund Market?
Is US GAAP considered equivalent to IFRS?
Why is the Specialist Fund Market the premier choice?

Eligibility issues
Where does my fund have to be domiciled?
Can investment entities transfer from other Exchange markets?
Are Specialist Fund Market securities eligible for UK-REIT status?
Do securities have to settle in CREST?
Can the Specialist Fund Market accept Segregated Portfolio Companies/Protected Cell Companies?
Can the management company behind a fund or group of funds be admitted to the Specialist Fund Market?

The joining process
What is the process for admission?
What are the initial and annual costs of admission?
Can I ‘passport’ my prospectus into the UK for admission to SFM?

Regulatory isues
What is the regulatory status of the Specialist Fund Market?
What are the FSAP Directives?
Can the Exchange refuse to admit securities to the Specialist Fund Market?
Specialist Fund Market securities must be 'freely negotiable'. Is there a definition for this?

Market context
What is the difference between this and other Exchange markets?


Practical issues

Are Specialist Fund Market securities eligible for ISAs and PEPs?
How can I identify Specialist Fund Market securities?
Are there any risks associated with investing in the Specialist Fund Market?
Can I use this market for a public offer of securities to less sophisticated investors?
Will securities be included in the FTSE UK Series of indices?

  
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