Syncona Limited - Non-Mainstream Pooled Investments
January 23 2017 - 11:42AM
PR Newswire (US)
Syncona Limited (the
"Company")
(a closed-ended collective investment scheme established as a
company with limited liability under the laws of Guernsey with
registered number 55514)
Non-Mainstream Pooled
Investments
23 January 2017
The Company notes the Financial Conduct Authority’s ("FCA")
rules relating to the restrictions on the retail distribution of
unregulated collective investment schemes and close substitutes
(the “Non-Mainstream Pooled Investment Marketing
Restrictions”).
The Company has taken advice on the conditions which would need
to be met in order for it to qualify for approval as an investment
trust if it were resident in the United
Kingdom and considers these conditions to be satisfied. This
means that that the Company’s shares are excluded from the FCA’s
definition of “non-mainstream pooled investment” and are therefore
outside the scope of the Non-Mainstream Pooled Investment Marketing
Restrictions.
The Company’s board intends that the Company will continue to be
operated in such a manner as to ensure that the shares are not
categorised as a non-mainstream pooled investment and that,
accordingly, the shares can continue to be recommended by UK
authorised persons to ordinary retail investors in accordance with
the FCA's rules.
Enquiries:
Company website: www.synconaltd.com
Northern Trust International Fund Administration Services
(Guernsey) Limited
Company Secretary
Tel: 01481 745001
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