Bringing you live news and features since 2006 

Will Cameron

JTC enhances UK fund servicing capabilities with UCIS authorisation


Independent fund, corporate and private client service provider JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.

The amendment to JTC’s permissions by the FinancialJTC Will Cameron Conduct Authority (a ‘Variation of Part 4A Permission’) means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.

As well as enabling JTC to establish, operate and wind up such schemes, the authorisation means it can also take on various oversight responsibilities including ensuring schemes comply with all regulatory requirements and that appropriate information is provided to investors. It also allows JTC to assist in promoting funds and assume responsibilities for managing the property and assets held within the schemes.

The move to enhance JTC’s funds capabilities in the UK forms part of JTC’s ambitious expansion plans, having recently extended its global reach through its network of offices in 17 jurisdictions and the appointment of Will Cameron as Head of its office in Fareham.

An unregulated collective investment scheme is any collective investment scheme that is not authorised or recognised by the FCA, with such schemes typically involving entities including UK Limited Partnerships, Limited Liability Partnerships, open ended investment companies and unauthorised unit trusts. Acting as an operator of unregulated collective investment schemes is restricted under the Financial Services and Markets Act 2000.

Stuart Pinnington, Group Head of Institutional Services, JTC, says: “This is a significant development for JTC that strengthens considerably our overall funds proposition as a provider of fund services both on and offshore. Whilst complementing our existing fund offering in the UK, this ability to now offer a full suite of fund solutions to cater for the more sophisticated and institutional end of the investor market is a key strategic move for the firm, positioning us well as we seek to further grow our fund servicing business in the UK and internationally.”

Will Cameron (pictured), Head of JTC’s Fareham Office, adds: “This authorisation represents a huge step forward for our growing UK business. Within our UK team we have significant expertise and experience in developing fund structuring solutions for clients and I am delighted that we are now able to draw on that knowledge to provide a whole range of administration and oversight services to the unregulated fund sector, an area where we see real potential for growth and where we feel we can offer a genuinely cost effective and efficient service.” 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by