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Is the Association a Self-Regulating Organisation (SRO)?

April 26, 2017Association organisation self-regulating sro

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Is the Association a Self-Regulating Organisation (SRO)?

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No, membership of the Association is voluntary. Depending on its constitution, the Operator, Manager or General Partner of each individual collective investment scheme will be regulated in this capacity by the Financial Services Authority (FSA). 4. How does a fund become a member? Membership of the Association is open to relevant Funds. The Committee of Management, Sponsoring House or responsible Surveyor may make representation to the Committee of the Association and each application will be evaluated on its individual merits. Back to top Guide to Property Funds 5. What are Property Funds? A property fund is a collective investment scheme with a portfolio comprising mainly of direct property but may also include other property related interests. Property funds take a number of different legal structures depending on their domicile and target customer. The following are the most common forms of property fund: • Unit Trust; • Open-Ended Investment Company; • Limited Partnership; 6. What