Syncona Limited Non-Mainstream Pooled Investments
March 24 2017 - 9:58AM
UK Regulatory
TIDMSYNC
Syncona Limited (the "Company")
(a closed-ended collective investment scheme established as a company with
limited liability under the laws of Guernsey with registered number 55514)
Non-Mainstream Pooled Investments
23 January 2017
The Company notes the Financial Conduct Authority's ("FCA") rules relating to
the restrictions on the retail distribution of unregulated collective
investment schemes and close substitutes (the "Non-Mainstream Pooled Investment
Marketing Restrictions").
The Company has taken advice on the conditions which would need to be met in
order for it to qualify for approval as an investment trust if it were resident
in the United Kingdom and considers these conditions to be satisfied. This
means that that the Company's shares are excluded from the FCA's definition of
"non-mainstream pooled investment" and are therefore outside the scope of the
Non-Mainstream Pooled Investment Marketing Restrictions.
The Company's board intends that the Company will continue to be operated in
such a manner as to ensure that the shares are not categorised as a
non-mainstream pooled investment and that, accordingly, the shares can continue
to be recommended by UK authorised persons to ordinary retail investors in
accordance with the FCA's rules.
Enquiries:
Company website: www.synconaltd.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Company Secretary
Tel: 01481 745001
END
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