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 271J Provision of information to the FCA
This section gives a power to the FCA to ask for information from a scheme operator, after the scheme is recognised, and to direct how and when the information should be given. The FCA can use this power only for the purpose of checking that the conditions for a scheme’s recognition and any additional requirements are met. The FCA can require the operator to present information or verify information as the FCA directs. Under this power, the FCA can require different information from different schemes or different descriptions of schemes.