Expert Resources

Free information from our team of lawyers about legal and practical aspects of corporate and investment structures. If you are interested in these areas, you may want to bookmark this page to check back regularly for new information.

Paul Sutton

Reference guide: what is an NMPI?

Following the FCA’s consultation Policy Statement 13/3, the Unregulated Collective Investment Schemes And Close Substitutes Instrument 2013 took effect from 1 January 2014. The instrument prohibits FCA authorised firms from promoting “non mainstream pooled investments” (NPMIs) to retail investors, with limited exceptions. Here’s a reference …
Paul Sutton

How does an EIS fund work?

This is an introduction to the legal structure of Enterprise Investment Scheme (EIS) funds. It’s for investment professionals who are considering setting up a new fund, and for prospective investors who want to understand the mechanics of what’s involved. Like any fund, the purpose of an EIS fund is to give investors the benefit of the skills and …