IFM09730 | Administrative requirements: Provision of information to other RIFs etc

Regulation 36 requires the operator of a RIF into which an investment is made by another RIF or an authorised co-ownership scheme (the investor scheme), to provide sufficient information to that other scheme so that it can meet its own information reporting requirements for its participants within 6 months after the end of the accounting period of the RIF (the “information reporting date”). This is because, as both the investee and investor schemes are transparent for income purposes, income effectively flows through each scheme and arises directly to the investee scheme’s participants.