collective investment scheme
Definition from Wiktionary, the free dictionary
- (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:
- 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:
- If a fund is structured as a collective investment scheme, it cannot be marketed to the general public unless it is authorized.