collective investment scheme

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collective investment scheme (plural collective investment schemes)

  1. (Britain, 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.