Subject	Predicate	Object
CfclaBWy	a	Resource
		Answer
		Written answer
	answer has question	f4a5j2zM
	answer has answering person	Sajid Javid
	answer text	<p>Unregulated collective investment schemes (UCIS) are not regulated by the Financial Conduct Authority and are not subject to the same restrictions as a regulated collective investment scheme (CIS). Although the schemes themselves are not regulated, persons carrying on regulated activities in the UK in relation to a UCIS, including establishing, operating and managing UCIS, are subject to FCA regulation.</p>
	answer given date	2013-11-07
	answer has answering body	HM Treasury
	written answer has answering body	HM Treasury
HM Treasury	answering body has written answer	CfclaBWy
HM Treasury	answering body has answer	CfclaBWy
f4a5j2zM	question has answer	CfclaBWy
Sajid Javid	answering person has answer	CfclaBWy