collective investment scheme

plural collective investment schemes

1. UKbusinessA 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.

   If a fund is structured as a collective investment scheme, it cannot be marketed to the general public unless it is authorized.

   2003, Theodor Baums, Andreas Cahn, Hedge Funds

   1 more example

   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, Jonathan Fisher, Jane Bewsey, The Law of Investor Protection