RETURN TO PREVIOUS PAGE
QIS and NURSUCITS Additional Rules
UCITS Rules
UK NURS Rules
Rule Group NameRule Theme Group NameReference NoRule NameUK or NURS Ref
UCITS - cross investment same umbrellaPermitted / Prohibited investmentP20061v2No Investment in CIS of the Same Umbrella - BreachCOLL 5.6.11 and COLL 5.6.24 R (2a)
UCITS – cross investment same managerNo. of AssetsP20062v2No investment  in another sub-fund of the same Manager, unless permitted in prospectus - BreachCOLL 5.6.11
UK_NURSDiversification - any oneP20126UK - Max 10% NAV in Securities & MMI issued by the same IssuerCOLL 5.6.7(3)
UK_NURSDiversification - any oneP20167Max 20% NAV max. in any one CIS which is not UCITS, NURS or equivalentCOLL 5.6.10 R(1)(e)
UK_NURSPermitted / Prohibited investmentP20171Warning - CIS must be UCITS, NURS or EquivalentCOLL 5.6.10 R(1)
UK_NURS_ UCITSRulesapplicableDiversification - specified assetsP20038Max 20% NAV in Cash and Ancillary Liquid Assets (Industry approach) (warning at 10%)
Temporary Borrowing - 90 in 180Portfolio BorrowingP20055v2Borrowings (any one account) must be temporary - 90 days in 180.COLL 5.5.4 (R) 4 & 5
UK UCITSControl / OwnershipP20073. PortfolioOwnership - portfolio: 10% max. of non-voting shares issued by single issuing body
UK UCITSControl / OwnershipP20075.PortfolioOwnership -Portfolio: 10% max. in Debt Securities issued by a single issuing body
UK UCITSControl / OwnershipP20077.PortfolioOwnership - Portfolio: 10% max. of the MMI in issuance issued by a single issuing body
UK UCITSControl / OwnershipP20078.PortfolioOwnership - Portfolio Max 25% of the units issued by any single CIS
UK UCITSCounterparty ExposureP20045v1Max 10% NAV OTC Derivatives with any one Counterparty - no nettingCOLL 5.2.11 R (7)
UK UCITSCounterparty ExposureP20045v2Max 10% NAV OTC Derivatives with any one Counterparty - nettingCOLL 5.2.11 R (7)
Warrants - Max 10% NAVDiversification - specified assetsP10844[Warrants ]. Max 10% Exposure as a % of NAV
Investment in other CIS  - Max 15% NAVDiversification - specified assetsP10341[CIS ]. Max 15% Exposure as a % of NAV
Investment in other CIS  - Max 10% NAVDiversification - specified assetsP10339[CIS ]. Max 10% Exposure as a % of NAV
Real estate prohibitedPermitted / Prohibited investmentP12361[Physical Real Estate ]. Prohibited
UK_QISDerivatives CoverQIS07QIS07: Liquid Assets Cover for Derivative ObligationsCOLL 8.4.7R (2)
UK_QISDiversification - any oneQIS09QIS09: Collateral received for stock lending must at least equal the value of the securities transferredCOLL 8.4.9
UK_QISDiversification - any oneQIS11QIS11: Immovable cannot be bought at more than 105% of the initial valuationCOLL 8.4.11R (e )
UK_QISDiversification - any oneQIS12QIS12: Mortgage must not secure more than 100% of the value of the immovableCOLL 8.4.12R (1)
UK_QISDiversification - specified assetsQIS04QIS04: Max 20% in unregulated funds, or other QIS, without appropriate due diligenceCOLL 8.4.5R (2)
UK_QISPermitted / Prohibited investmentQIS01QIS01: Assets must be QIS eligible assetsCOLL 8.4.4
UK_QISPermitted / Prohibited investmentQIS02QIS02: CIS invested into must be QIS eligibleCOLL 8.4.5
UK_QISPermitted / Prohibited investmentQIS03QIS03: CIS must not invest in CIS which invest more than 15% in other CISCOLL 8.4.5R (iii)
UK_QISPermitted / Prohibited investmentQIS05QIS05: OTC Derivatives must be Capable of Reliable ValuationCOLL 8.4.7AR
UK_QISPermitted / Prohibited investmentQIS08QIS08: Specific Assets Cover for Derivative ObligationsCOLL 8.4.7
UK_QISPortfolio BorrowingQIS10QIS10: Max 100% borrowingCOLL 8.4.10R (2)
UK_QISPortfolio Level CalcQIS06QIS06: Max 200% Total Fund Exposure; 100% Incremental Leverage through FDICOLL 8.4.7R (3)
UK_QIS_UCITSRulesapplicableDiversification - any oneP20025Max 10% NAV in Securities & MMI issued by the same Issuer