Schedule 9: Collective investment schemes authorised in approved countries Part 1: Provisions to be inserted in Chapter 5 of Part 17 of the Financial Services and Markets Act 2000 271F Application for recognition to the FCA
Section 271F(1) delegates power to the FCA to determine the manner and form in which applications for recognition are to be made by schemes. The legislation also requires that an application for recognition be accompanied by a UK address for service of notices, or other documents to be served on the scheme’s operator. The application must contain information, or be accompanied by this information, which the FCA may reasonably require for the purpose of determining the application.
	Section 271F(2) sets out that the application must provide the FCA with an explanation of how the scheme or its operator will satisfy any additional requirements if its application is granted, as these will not be a condition of the regulatory regime in the country or territory where the scheme is authorised and supervised.
	Section 271F(3)-(5) gives the FCA the power to require the applicant to provide further information relating to their application; to require that any additional information provided under section 271F be set out in a certain form, and to require different information for different applications.