collective investment scheme

English

Noun

collective investment scheme (plural collective investment schemes)

1. (British, finance) A way of investing money with other people to participate in a wider range of investments than may be feasible for an individual investor, and to share the costs of doing so.
   • 2003, Jonathan Fisher, Jane Bewsey, The Law of Investor Protection‎^[1]:

     The definition of primary importance is of course the definition of "collective investment scheme" itself. That is to be found in s.235 of FSMA 2000.

   • 2003, Theodor Baums, Andreas Cahn, Hedge Funds‎^[2]:

     If a fund is structured as a collective investment scheme, it cannot be marketed to the general public unless it is authorized.