UCIS

(redirected from Unregulated Collective Investment Scheme)
AcronymDefinition
UCISUniversity Center for International Studies
UCISUniversity Computing and Information Services (Dalhousie University; Halifax, Nova Scotia, Canada)
UCISUnregulated Collective Investment Scheme
UCISUniting Church Investment Service (financial institution; est. 1977; Australia)
UCISUniversity Computing and Information Systems
UCISUlster County Information Services (New York)
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References in periodicals archive ?
UNREGULATED collective investment schemes (Ucis) can often hold assets such as fine wines, crops and timber.
POUND NOTES Financial dictionary: Ucis UCIS, or to give them their full catchy title, unregulated collective investment schemes, can often hold assets such as fine wines, crops and timber.
The UK Financial Conduct Authority (FCA) has banned promoting Unregulated Collective Investment Schemes (UCIS) and certain close substitutes, collectively known as Non-Mainstream Pooled Investments (NMPIs), to retail investors in the country.
Attached to the announcement was a rather densely written 92-page document entitled "CP12/19*** -- Restrictions on the retail distribution of unregulated collective investment schemes [UCIS] and close substitutes." The document explains that in violation of securities law -- and basic ethics of the profession -- financial advisers steer clients for whom these UCIS products are not suitable to these investments.