Knowledge Base

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Questions

Who are the key players in the collective investment scheme mechanism?

Management company, depositary, valuation agent
Investors, regulators, auditors
Banks, brokers, consultants
Governments, professional associations, media

What role does the depositary play in a collective investment scheme?

Makes investment decisions
Safekeeps assets and monitors the regularity of decisions
Periodically calculates the NAV
Represents investors at general meetings

What is the main legal difference between a UCITS and an AIF?

UCITS are subject to the UCITS Directive, while AIFs are subject to the AIFM Directive.
UCITS have a single legal structure, while AIFs can take several forms.
UCITS are only marketed at the national level, while AIFs are European.
UCITS are managed by management companies, while AIFs are managed by banks.

What are the two main legal forms of collective investment schemes?

SICAV and FCP
UCITS and AIF
Public limited company and LLC
Pension funds and life insurance

Categorize items by dragging them to the appropriate zones

Items to categorize:

UCITS
Management company
AIF
Depositary
Categories:

Types of CIS

Key players

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Items to categorize:

UCITS
FIVG
FPS
SLP
Categories:

Funds open to non-professionals

Funds reserved for professionals

The net asset value (NAV) is calculated daily for all collective investment schemes without exception.

True
False

SICAV

Click to see answer

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Items to categorize:

SICAV
FCP
SCPI
OPCI
Categories:

UCITS

AIF

In an FCP, the investor has voting rights at general meetings.

True
False