We are pleased to see an increase in applications from Managed Investment Scheme (MIS) managers. For those still working on your applications, we encourage you to talk to us early, and apply as soon as possible.
For managers of non-traditional MIS schemes such as forestry, property and other single-asset schemes, our assessments are adapted to the unique aspects of your business, such as the size, nature and complexity.
Meeting the minimum standards
Our licensing guide explains that we expect all licensees to demonstrate how they can meet the minimum standards. Our assessment against the minimum standards takes into account the unique aspects of your scheme(s) and their underlying assets. Where a particular standard does not seem relevant to your application, you will need to explain how you came to that view. You will also need to explain how you will meet the intent of that standard, and the summary statement for that particular category. See page 3 of the guide for details.
In limited cases, we will consider requests for an exemption from certain requirements of the Financial Markets Conduct Act. Next week, we will be publishing consultation papers of interest to MIS managers of non-financial assets, specifically forestry and property schemes.
For any questions on MIS licensing please visit our website or call us on 0800 434 567.
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