IFM17330 - Genuine Diversity of Ownership (GDO): Condition C
Regulation 9A(6) SI2006/964, Regulation 75(4) SI 2009/3001 and paragraph 15(6) FA03/Sch7A
The purpose of Condition C is to exclude any fund that, despite meeting Conditions A and B (IFM17310 and IFM17320), does not in practice act in a way that supports the statements it has made as to the intended categories of investor 바카라 사이트“ even where that is contrary to the statements in its own documentation.
Detailed guidance on Condition C can be found on the pages below.